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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 -14.55% first-year return on $120k initial cash invested.

-14.55%

Cash On Cash

2.53%

Cap Rate

0.43

DSCR

$2,616

Rent

-$1,450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,616

Total Expenses

$4,066

Mortgage P&I

90%

$2,367

Property Taxes

10%

$270

Home Insurance

7%

$173

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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