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193 Bevis Ln, Statesville, NC 28677

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Airbnb investment with a projected -13.44% first-year return on $99,249 initial cash invested.

-13.44%

Cash On Cash

3.42%

Cap Rate

0.52

DSCR

$2,374

Rent

-$1,112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,374 income − $3,486 expenses = $1,112 out of pocket

Income$2,374Out of Pocket$1,112Mortgage P&I$2,11989%Property Taxes$874%Insurance$1406%Management$35615%CapEx$954%Maintenance$954%Other$59425%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,249

Downpayment

20%

$77,380

Closing costs

1%

$3,869

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,374

Total Expenses

$3,486

Mortgage P&I

89%

$2,119

Property Taxes

4%

$87

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$356

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$594

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