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208 S Dixie St, Cherryville, NC 28021

3 beds • 3 baths • 3038 sqft

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This property looks like a bad Airbnb investment with a projected -17.54% first-year return on $120k initial cash invested.

-17.54%

Cash On Cash

1.74%

Cap Rate

0.3

DSCR

$2,044

Rent

-$1,748

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,044 income − $3,792 expenses = $1,748 out of pocket

Income$2,044Out of Pocket$1,748Mortgage P&I$2,367116%Property Taxes$27013%Insurance$1738%Management$30715%CapEx$824%Maintenance$824%Other$51125%

Investment Breakdown

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Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,780

Closing costs

1%

$4,839

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,044

Total Expenses

$3,792

Mortgage P&I

116%

$2,367

Property Taxes

13%

$270

Home Insurance

8%

$173

HOA

0%

$0

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$511

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