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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 -6.89% first-year return on $89,463 initial cash invested.

-6.89%

Cash On Cash

4.6%

Cap Rate

0.77

DSCR

$2,848

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,848

Total Expenses

$3,362

Mortgage P&I

60%

$1,705

Property Taxes

6%

$170

Home Insurance

4%

$120

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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