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20 Fernridge Ct, Flat Rock, NC 28731

3 beds • 4 baths • 3838 sqft

$1,332,300

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This property looks like a bad Airbnb investment with a projected -24.15% first-year return on $298k initial cash invested.

-24.15%

Cash On Cash

0.7%

Cap Rate

0.12

DSCR

$3,466

Rent

-$5,993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,466 income − $9,459 expenses = $5,993 out of pocket

Income$3,466Out of Pocket$5,993Mortgage P&I$6,629191%Property Taxes$50114%Insurance$51615%HOA$1494%Management$52015%CapEx$1394%Maintenance$1394%Other$86625%

Investment Breakdown

|

Purchase Price

$1332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$298k

Downpayment

20%

$266k

Closing costs

1%

$13,323

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,466

Total Expenses

$9,459

Mortgage P&I

191%

$6,629

Property Taxes

14%

$501

Home Insurance

15%

$516

HOA

4%

$149

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$866

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