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1919 Ashmere Dr, Iron Station, NC 28080

3 beds • 2 baths • 2301 sqft

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This property looks like a bad Airbnb investment with a projected -6.37% first-year return on $110k initial cash invested.

-6.37%

Cash On Cash

4.74%

Cap Rate

0.8

DSCR

$3,786

Rent

-$586

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,786

Total Expenses

$4,372

Mortgage P&I

57%

$2,173

Property Taxes

6%

$217

Home Insurance

4%

$166

HOA

0%

$0

Property Management

15%

$568

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$946

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