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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 -10.48% first-year return on $85,557 initial cash invested.

-10.48%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$2,616

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,616

Total Expenses

$3,363

Mortgage P&I

60%

$1,574

Property Taxes

13%

$341

Home Insurance

7%

$192

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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