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2373 Wilkesboro Boulevard, Lenoir, NC 28645

3 beds • 3 baths • 5172 sqft

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This property looks like a bad Airbnb investment with a projected -21.48% first-year return on $202k initial cash invested.

-21.48%

Cash On Cash

1.2%

Cap Rate

0.2

DSCR

$2,904

Rent

-$3,612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,904 income − $6,516 expenses = $3,612 out of pocket

Income$2,904Out of Pocket$3,612Mortgage P&I$4,374151%Property Taxes$44215%Insurance$30611%Management$43615%CapEx$1164%Maintenance$1164%Other$72625%

Investment Breakdown

|

Purchase Price

$875k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$202k

Downpayment

20%

$175k

Closing costs

1%

$8,750

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,904

Total Expenses

$6,516

Mortgage P&I

151%

$4,374

Property Taxes

15%

$442

Home Insurance

11%

$306

HOA

0%

$0

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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