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147 Higgins Rd, Fletcher, NC 28732

3 beds • 3 baths • 1768 sqft

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This property looks like a bad Airbnb investment with a projected -7.92% first-year return on $116k initial cash invested.

-7.92%

Cash On Cash

4.21%

Cap Rate

0.72

DSCR

$3,443

Rent

-$764

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,443 income − $4,207 expenses = $764 out of pocket

Income$3,443Out of Pocket$764Mortgage P&I$2,25966%Property Taxes$1294%Insurance$1665%Management$51615%CapEx$1384%Maintenance$1384%Other$86125%

Investment Breakdown

|

Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,100

Closing costs

1%

$4,655

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,443

Total Expenses

$4,207

Mortgage P&I

66%

$2,259

Property Taxes

4%

$129

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$516

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$861

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