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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 -15.2% first-year return on $171k initial cash invested.

-15.2%

Cash On Cash

2.79%

Cap Rate

0.46

DSCR

$5,087

Rent

-$2,172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,087 income − $7,259 expenses = $2,172 out of pocket

Income$5,087Out of Pocket$2,172Mortgage P&I$3,66972%Property Taxes$3437%Insurance$2665%HOA$54011%Management$76315%CapEx$2034%Maintenance$2034%Other$1,27225%

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

$5,087

Total Expenses

$7,259

Mortgage P&I

72%

$3,669

Property Taxes

7%

$343

Home Insurance

5%

$266

HOA

11%

$540

Property Management

15%

$763

CapEx

4%

$203

Vacancy

0%

$0

Maintenance

4%

$203

Other

25%

$1,272

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