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207 W Academy St, Cherryville, NC 28021

3 beds • 3 baths • 2890 sqft

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This property looks like a bad Airbnb investment with a projected -14.56% first-year return on $85,557 initial cash invested.

-14.56%

Cash On Cash

2.31%

Cap Rate

0.39

DSCR

$2,055

Rent

-$1,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $3,093 expenses = $1,038 out of pocket

Income$2,055Out of Pocket$1,038Mortgage P&I$1,57477%Property Taxes$34117%Insurance$1929%Management$30815%CapEx$824%Maintenance$824%Other$51425%

Investment Breakdown

|

Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,557

Downpayment

20%

$64,340

Closing costs

1%

$3,217

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,055

Total Expenses

$3,093

Mortgage P&I

77%

$1,574

Property Taxes

17%

$341

Home Insurance

9%

$192

HOA

0%

$0

Property Management

15%

$308

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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