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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 -15.08% first-year return on $89,463 initial cash invested.

-15.08%

Cash On Cash

2.29%

Cap Rate

0.38

DSCR

$1,674

Rent

-$1,124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,674 income − $2,798 expenses = $1,124 out of pocket

Income$1,674Out of Pocket$1,124Mortgage P&I$1,705102%Property Taxes$17010%Insurance$1207%Management$25115%CapEx$674%Maintenance$674%Other$41825%

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

$1,674

Total Expenses

$2,798

Mortgage P&I

102%

$1,705

Property Taxes

10%

$170

Home Insurance

7%

$120

HOA

0%

$0

Property Management

15%

$251

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$418

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