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140 Clearview Rd, Statesville, NC 28625

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Airbnb investment with a projected -6.03% first-year return on $91,563 initial cash invested.

-6.03%

Cash On Cash

4.6%

Cap Rate

0.8

DSCR

$2,856

Rent

-$460

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,563

Downpayment

20%

$70,060

Closing costs

1%

$3,503

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,856

Total Expenses

$3,316

Mortgage P&I

59%

$1,689

Property Taxes

5%

$131

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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