REI Lense

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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 -4.89% first-year return on $83,625 initial cash invested.

-4.89%

Cash On Cash

4.97%

Cap Rate

0.85

DSCR

$2,772

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,772

Total Expenses

$3,113

Mortgage P&I

55%

$1,523

Property Taxes

5%

$147

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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