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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 -9.09% first-year return on $95,595 initial cash invested.

-9.09%

Cash On Cash

3.85%

Cap Rate

0.66

DSCR

$2,516

Rent

-$724

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $3,240 expenses = $724 out of pocket

Income$2,516Out of Pocket$724Mortgage P&I$1,80772%Property Taxes$964%Insurance$1295%Management$37715%CapEx$1014%Maintenance$1014%Other$62925%

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

$2,516

Total Expenses

$3,240

Mortgage P&I

72%

$1,807

Property Taxes

4%

$96

Home Insurance

5%

$129

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$629

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