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14 New Bishop Ln, Fletcher, NC 28732

3 beds • 3 baths • 2407 sqft

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This property looks like a bad Airbnb investment with a projected -15.21% first-year return on $147k initial cash invested.

-15.21%

Cash On Cash

2.59%

Cap Rate

0.43

DSCR

$3,175

Rent

-$1,860

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,175 income − $5,035 expenses = $1,860 out of pocket

Income$3,175Out of Pocket$1,860Mortgage P&I$3,05996%Property Taxes$2337%Insurance$2197%Management$47615%CapEx$1274%Maintenance$1274%Other$79425%

Investment Breakdown

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Purchase Price

$613k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,132

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,175

Total Expenses

$5,035

Mortgage P&I

96%

$3,059

Property Taxes

7%

$233

Home Insurance

7%

$219

HOA

0%

$0

Property Management

15%

$476

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$794

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