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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 -16.27% first-year return on $110k initial cash invested.

-16.27%

Cash On Cash

2.06%

Cap Rate

0.35

DSCR

$2,034

Rent

-$1,497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,034 income − $3,531 expenses = $1,497 out of pocket

Income$2,034Out of Pocket$1,497Mortgage P&I$2,173107%Property Taxes$21711%Insurance$1668%Management$30515%CapEx$814%Maintenance$814%Other$50825%

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

$2,034

Total Expenses

$3,531

Mortgage P&I

107%

$2,173

Property Taxes

11%

$217

Home Insurance

8%

$166

HOA

0%

$0

Property Management

15%

$305

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$508

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