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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 -23.86% first-year return on $298k initial cash invested.

-23.86%

Cash On Cash

0.77%

Cap Rate

0.13

DSCR

$3,604

Rent

-$5,921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,604 income − $9,525 expenses = $5,921 out of pocket

Income$3,604Out of Pocket$5,921Mortgage P&I$6,629184%Property Taxes$50114%Insurance$51614%HOA$1494%Management$54115%CapEx$1444%Maintenance$1444%Other$90125%

Investment Breakdown

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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

$3,604

Total Expenses

$9,525

Mortgage P&I

184%

$6,629

Property Taxes

14%

$501

Home Insurance

14%

$516

HOA

4%

$149

Property Management

15%

$541

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$901

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