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123 Honeydew Cir, Troutman, NC 28166

3 beds • 5 baths • 3539 sqft

$1,645,500

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This property looks like a bad Airbnb investment with a projected -22.64% first-year return on $364k initial cash invested.

-22.64%

Cash On Cash

1.06%

Cap Rate

0.18

DSCR

$6,100

Rent

-$6,858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,100 income − $12,958 expenses = $6,858 out of pocket

Income$6,100Out of Pocket$6,858Mortgage P&I$8,067132%Property Taxes$1,17519%Insurance$78813%Management$91515%CapEx$2444%Maintenance$2444%Other$1,52525%

Investment Breakdown

|

Purchase Price

$1646k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$364k

Downpayment

20%

$329k

Closing costs

1%

$16,455

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,100

Total Expenses

$12,958

Mortgage P&I

132%

$8,067

Property Taxes

19%

$1,175

Home Insurance

13%

$788

HOA

0%

$0

Property Management

15%

$915

CapEx

4%

$244

Vacancy

0%

$0

Maintenance

4%

$244

Other

25%

$1,525

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