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1465 Neills Creek Rd, Lillington, NC 27546

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -10.9% first-year return on $91,500 initial cash invested.

-10.9%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$2,469

Rent

-$831

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,469 income − $3,300 expenses = $831 out of pocket

Income$2,469Out of Pocket$831Mortgage P&I$1,74571%Property Taxes$24810%Insurance$1225%Management$37015%CapEx$994%Maintenance$994%Other$61725%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,469

Total Expenses

$3,300

Mortgage P&I

71%

$1,745

Property Taxes

10%

$248

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$617

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