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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 -10.94% first-year return on $115k initial cash invested.

-10.94%

Cash On Cash

3.51%

Cap Rate

0.59

DSCR

$3,034

Rent

-$1,045

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,034 income − $4,079 expenses = $1,045 out of pocket

Income$3,034Out of Pocket$1,045Mortgage P&I$2,27075%Property Taxes$1706%Insurance$1846%Management$45515%CapEx$1214%Maintenance$1214%Other$75825%

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

$3,034

Total Expenses

$4,079

Mortgage P&I

75%

$2,270

Property Taxes

6%

$170

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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