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2233 Sir Michael Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1615 sqft

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This property looks like a bad Airbnb investment with a projected -4.26% first-year return on $72,327 initial cash invested.

-4.26%

Cash On Cash

5.33%

Cap Rate

0.89

DSCR

$2,693

Rent

-$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,693 income − $2,950 expenses = $257 out of pocket

Income$2,693Out of Pocket$257Mortgage P&I$1,29748%Property Taxes$26910%Insurance$913%Management$40415%CapEx$1084%Maintenance$1084%Other$67325%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,693

Total Expenses

$2,950

Mortgage P&I

48%

$1,297

Property Taxes

10%

$269

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$673

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