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2604 Shearer Dr, Statesville, NC 28625

3 beds • 2 baths • 1854 sqft

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This property looks like a bad Airbnb investment with a projected -8.9% first-year return on $84,990 initial cash invested.

-8.9%

Cash On Cash

4.73%

Cap Rate

0.71

DSCR

$2,761

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,761 income − $3,391 expenses = $630 out of pocket

Income$2,761Out of Pocket$630Mortgage P&I$1,77764%Property Taxes$1786%Insurance$1124%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,761

Total Expenses

$3,391

Mortgage P&I

64%

$1,777

Property Taxes

6%

$178

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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