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2761 Hemlock Ct, Nebo, NC 28761

3 beds • 3 baths • 2158 sqft

$1,174,700

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This property looks like a bad Airbnb investment with a projected -20.08% first-year return on $265k initial cash invested.

-20.08%

Cash On Cash

1.51%

Cap Rate

0.26

DSCR

$4,099

Rent

-$4,430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,099 income − $8,529 expenses = $4,430 out of pocket

Income$4,099Out of Pocket$4,430Mortgage P&I$5,745140%Property Taxes$3839%Insurance$42010%HOA$13Management$61515%CapEx$1644%Maintenance$1644%Other$1,02525%

Investment Breakdown

|

Purchase Price

$1175k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$265k

Downpayment

20%

$235k

Closing costs

1%

$11,747

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,099

Total Expenses

$8,529

Mortgage P&I

140%

$5,745

Property Taxes

9%

$383

Home Insurance

10%

$420

HOA

0%

$13

Property Management

15%

$615

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,025

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