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170 Scotts Creek Rd, Statesville, NC 28625

3 beds • 2 baths • 1521 sqft

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This property looks like a bad Airbnb investment with a projected -1.67% first-year return on $70,332 initial cash invested.

-1.67%

Cash On Cash

6.71%

Cap Rate

1.01

DSCR

$2,870

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $2,968 expenses = $98 out of pocket

Income$2,870Out of Pocket$98Mortgage P&I$1,37748%Property Taxes$1254%Insurance$883%Management$43015%CapEx$1154%Maintenance$1154%Other$71825%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,332

Downpayment

20%

$49,840

Closing costs

1%

$2,492

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$2,968

Mortgage P&I

48%

$1,377

Property Taxes

4%

$125

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$718

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