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16 Shadow Brook Dr, Flat Rock, NC 28731

3 beds • 3 baths • 2397 sqft

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This property looks like a bad Airbnb investment with a projected -20.88% first-year return on $198k initial cash invested.

-20.88%

Cash On Cash

1.36%

Cap Rate

0.23

DSCR

$2,972

Rent

-$3,442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,972 income − $6,414 expenses = $3,442 out of pocket

Income$2,972Out of Pocket$3,442Mortgage P&I$4,292144%Property Taxes$34912%Insurance$30410%HOA$421%Management$44615%CapEx$1194%Maintenance$1194%Other$74325%

Investment Breakdown

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Purchase Price

$856k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$171k

Closing costs

1%

$8,561

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,972

Total Expenses

$6,414

Mortgage P&I

144%

$4,292

Property Taxes

12%

$349

Home Insurance

10%

$304

HOA

1%

$42

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$743

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