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2079 Icard Ridge Rd, Taylorsville, NC 28681

3 beds • 2 baths • 1701 sqft

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This property looks like a bad Airbnb investment with a projected -11.75% first-year return on $115k initial cash invested.

-11.75%

Cash On Cash

3.3%

Cap Rate

0.56

DSCR

$2,891

Rent

-$1,122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,891 income − $4,013 expenses = $1,122 out of pocket

Income$2,891Out of Pocket$1,122Mortgage P&I$2,27079%Property Taxes$1706%Insurance$1846%Management$43415%CapEx$1164%Maintenance$1164%Other$72325%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,891

Total Expenses

$4,013

Mortgage P&I

79%

$2,270

Property Taxes

6%

$170

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$723

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