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230 Ridge Dr, Louisburg, NC 27549

3 beds • 3 baths • 1541 sqft

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This property looks like a bad Airbnb investment with a projected -15.33% first-year return on $89,463 initial cash invested.

-15.33%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$1,636

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,636 income − $2,779 expenses = $1,143 out of pocket

Income$1,636Out of Pocket$1,143Mortgage P&I$1,705104%Property Taxes$17010%Insurance$1207%Management$24515%CapEx$654%Maintenance$654%Other$40925%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,463

Downpayment

20%

$68,060

Closing costs

1%

$3,403

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,636

Total Expenses

$2,779

Mortgage P&I

104%

$1,705

Property Taxes

10%

$170

Home Insurance

7%

$120

HOA

0%

$0

Property Management

15%

$245

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$409

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