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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 -4.53% first-year return on $85,116 initial cash invested.

-4.53%

Cash On Cash

5.1%

Cap Rate

0.87

DSCR

$2,771

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,771 income − $3,092 expenses = $321 out of pocket

Income$2,771Out of Pocket$321Mortgage P&I$1,56957%Property Taxes$783%Insurance$1144%Management$41615%CapEx$1114%Maintenance$1114%Other$69325%

Investment Breakdown

|

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

$2,771

Total Expenses

$3,092

Mortgage P&I

57%

$1,569

Property Taxes

3%

$78

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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