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2174 Cora Dr, Hope Mills, NC 28348

3 beds • 3 baths • 1852 sqft

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This property looks like a bad Airbnb investment with a projected -8.86% first-year return on $84,633 initial cash invested.

-8.86%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$2,446

Rent

-$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,446 income − $3,071 expenses = $625 out of pocket

Income$2,446Out of Pocket$625Mortgage P&I$1,59265%Property Taxes$1928%Insurance$1125%Management$36715%CapEx$984%Maintenance$984%Other$61225%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,633

Downpayment

20%

$63,460

Closing costs

1%

$3,173

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,446

Total Expenses

$3,071

Mortgage P&I

65%

$1,592

Property Taxes

8%

$192

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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