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198 Windemere Isle Rd, Statesville, NC 28677

3 beds • 4 baths • 2885 sqft

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This property looks like a bad Airbnb investment with a projected -2.69% first-year return on $163k initial cash invested.

-2.69%

Cash On Cash

5.91%

Cap Rate

0.98

DSCR

$7,238

Rent

-$365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,238 income − $7,603 expenses = $365 out of pocket

Income$7,238Out of Pocket$365Mortgage P&I$3,47048%Property Taxes$2824%Insurance$2423%HOA$1332%Management$1,08615%CapEx$2904%Maintenance$2904%Other$1,81025%

Investment Breakdown

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Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,238

Total Expenses

$7,603

Mortgage P&I

48%

$3,470

Property Taxes

4%

$282

Home Insurance

3%

$242

HOA

2%

$133

Property Management

15%

$1,086

CapEx

4%

$290

Vacancy

0%

$0

Maintenance

4%

$290

Other

25%

$1,810

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