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170 Countrytyme Ln, Iron Station, NC 28080

3 beds • 3 baths • 1857 sqft

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This property looks like a bad Airbnb investment with a projected -14.27% first-year return on $122k initial cash invested.

-14.27%

Cash On Cash

2.6%

Cap Rate

0.44

DSCR

$2,527

Rent

-$1,453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,527 income − $3,980 expenses = $1,453 out of pocket

Income$2,527Out of Pocket$1,453Mortgage P&I$2,42796%Property Taxes$2189%Insurance$1225%Management$37915%CapEx$1014%Maintenance$1014%Other$63225%

Investment Breakdown

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Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,240

Closing costs

1%

$4,962

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,527

Total Expenses

$3,980

Mortgage P&I

96%

$2,427

Property Taxes

9%

$218

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$379

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$632

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