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270 Lewis Ferry Rd, Statesville, NC 28677

3 beds • 3 baths • 2360 sqft

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This property looks like a bad Airbnb investment with a projected -14.86% first-year return on $120k initial cash invested.

-14.86%

Cash On Cash

2.4%

Cap Rate

0.41

DSCR

$2,301

Rent

-$1,486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,160

Closing costs

1%

$4,858

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,301

Total Expenses

$3,787

Mortgage P&I

103%

$2,366

Property Taxes

6%

$142

Home Insurance

8%

$175

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$575

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