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21 Carolinda Ln, Waynesville, NC 28786

3 beds • 2 baths • 1202 sqft

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This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $95,595 initial cash invested.

-8.69%

Cash On Cash

3.96%

Cap Rate

0.67

DSCR

$2,576

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,576 income − $3,268 expenses = $692 out of pocket

Income$2,576Out of Pocket$692Mortgage P&I$1,80770%Property Taxes$964%Insurance$1295%Management$38615%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,595

Downpayment

20%

$73,900

Closing costs

1%

$3,695

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,576

Total Expenses

$3,268

Mortgage P&I

70%

$1,807

Property Taxes

4%

$96

Home Insurance

5%

$129

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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