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1674 Harris Henrietta Rd, Forest City, NC 28043

3 beds • 2 baths • 1289 sqft

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This property looks like a bad Airbnb investment with a projected -12.63% first-year return on $67,077 initial cash invested.

-12.63%

Cash On Cash

2.9%

Cap Rate

0.46

DSCR

$1,344

Rent

-$706

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,344 income − $2,050 expenses = $706 out of pocket

Income$1,344Out of Pocket$706Mortgage P&I$1,21690%Property Taxes$1148%Insurance$746%Management$20215%CapEx$544%Maintenance$544%Other$33625%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,077

Downpayment

20%

$46,740

Closing costs

1%

$2,337

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,344

Total Expenses

$2,050

Mortgage P&I

90%

$1,216

Property Taxes

8%

$114

Home Insurance

6%

$74

HOA

0%

$0

Property Management

15%

$202

CapEx

4%

$54

Vacancy

0%

$0

Maintenance

4%

$54

Other

25%

$336

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