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134 Divot Ln, Statesville, NC 28677

3 beds • 2 baths • 1823 sqft

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This property looks like a bad Airbnb investment with a projected -14.25% first-year return on $99,899 initial cash invested.

-14.25%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$2,221

Rent

-$1,186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $3,407 expenses = $1,186 out of pocket

Income$2,221Out of Pocket$1,186Mortgage P&I$1,95488%Property Taxes$21810%Insurance$1366%HOA$331%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,899

Downpayment

20%

$77,999

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,221

Total Expenses

$3,407

Mortgage P&I

88%

$1,954

Property Taxes

10%

$218

Home Insurance

6%

$136

HOA

1%

$33

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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