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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 -7.03% first-year return on $72,327 initial cash invested.

-7.03%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$2,372

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,372 income − $2,796 expenses = $424 out of pocket

Income$2,372Out of Pocket$424Mortgage P&I$1,29755%Property Taxes$26911%Insurance$914%Management$35615%CapEx$954%Maintenance$954%Other$59325%

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

$2,372

Total Expenses

$2,796

Mortgage P&I

55%

$1,297

Property Taxes

11%

$269

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$356

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$593

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