REI Lense

REI Lense

Unlock all features! Tap here to upgrade

24 Midway St, Granite Falls, NC 28630

3 beds • 2 baths • 1501 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.79% first-year return on $65,040 initial cash invested.

-6.79%

Cash On Cash

5.08%

Cap Rate

0.77

DSCR

$1,965

Rent

-$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,965 income − $2,333 expenses = $368 out of pocket

Income$1,965Out of Pocket$368Mortgage P&I$1,23863%Property Taxes$734%Insurance$784%Management$29515%CapEx$794%Maintenance$794%Other$49125%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,965

Total Expenses

$2,333

Mortgage P&I

63%

$1,238

Property Taxes

4%

$73

Home Insurance

4%

$78

HOA

0%

$0

Property Management

15%

$295

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$491

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis