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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 -18.74% first-year return on $99,899 initial cash invested.

-18.74%

Cash On Cash

1.4%

Cap Rate

0.23

DSCR

$1,501

Rent

-$1,560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,501 income − $3,061 expenses = $1,560 out of pocket

Income$1,501Out of Pocket$1,560Mortgage P&I$1,954130%Property Taxes$21815%Insurance$1369%HOA$332%Management$22515%CapEx$604%Maintenance$604%Other$37525%

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

$1,501

Total Expenses

$3,061

Mortgage P&I

130%

$1,954

Property Taxes

15%

$218

Home Insurance

9%

$136

HOA

2%

$33

Property Management

15%

$225

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$375

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