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249 Stone Mountain Way, Denver, NC 28037

3 beds • 3 baths • 2679 sqft

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This property looks like a bad Airbnb investment with a projected -14.26% first-year return on $171k initial cash invested.

-14.26%

Cash On Cash

3.03%

Cap Rate

0.5

DSCR

$5,346

Rent

-$2,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,346 income − $7,384 expenses = $2,038 out of pocket

Income$5,346Out of Pocket$2,038Mortgage P&I$3,66969%Property Taxes$3436%Insurance$2665%HOA$54010%Management$80215%CapEx$2144%Maintenance$2144%Other$1,33625%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,308

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,346

Total Expenses

$7,384

Mortgage P&I

69%

$3,669

Property Taxes

6%

$343

Home Insurance

5%

$266

HOA

10%

$540

Property Management

15%

$802

CapEx

4%

$214

Vacancy

0%

$0

Maintenance

4%

$214

Other

25%

$1,336

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