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2174 Chester Ave, Morganton, NC 28655

3 beds • 2 baths • 1685 sqft

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This property looks like a bad Airbnb investment with a projected -6.74% first-year return on $85,116 initial cash invested.

-6.74%

Cash On Cash

4.47%

Cap Rate

0.76

DSCR

$2,468

Rent

-$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,116

Downpayment

20%

$63,920

Closing costs

1%

$3,196

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,468

Total Expenses

$2,946

Mortgage P&I

64%

$1,569

Property Taxes

3%

$78

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$617

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