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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 -0.43% first-year return on $84,633 initial cash invested.

-0.43%

Cash On Cash

6.45%

Cap Rate

1.07

DSCR

$3,590

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $3,620 expenses = $30 out of pocket

Income$3,590Out of Pocket$30Mortgage P&I$1,59244%Property Taxes$1925%Insurance$1123%Management$53815%CapEx$1444%Maintenance$1444%Other$89825%

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

$3,590

Total Expenses

$3,620

Mortgage P&I

44%

$1,592

Property Taxes

5%

$192

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$538

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$898

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