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173 Doe Trail Ln, Statesville, NC 28625

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Airbnb investment with a projected -5.28% first-year return on $83,625 initial cash invested.

-5.28%

Cash On Cash

4.85%

Cap Rate

0.83

DSCR

$2,720

Rent

-$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $3,088 expenses = $368 out of pocket

Income$2,720Out of Pocket$368Mortgage P&I$1,52356%Property Taxes$1475%Insurance$1124%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,625

Downpayment

20%

$62,500

Closing costs

1%

$3,125

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$3,088

Mortgage P&I

56%

$1,523

Property Taxes

5%

$147

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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