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2170 Cora Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Airbnb investment with a projected -5.3% first-year return on $81,525 initial cash invested.

-5.3%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$2,802

Rent

-$360

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $3,162 expenses = $360 out of pocket

Income$2,802Out of Pocket$360Mortgage P&I$1,51754%Property Taxes$1947%Insurance$1074%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

|

Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,525

Downpayment

20%

$60,500

Closing costs

1%

$3,025

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$3,162

Mortgage P&I

54%

$1,517

Property Taxes

7%

$194

Home Insurance

4%

$107

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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