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29 Central Ave, Granite Falls, NC 28630

3 beds • 2 baths • 1401 sqft

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This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $85,179 initial cash invested.

-9.1%

Cash On Cash

3.86%

Cap Rate

0.65

DSCR

$2,046

Rent

-$646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,046 income − $2,692 expenses = $646 out of pocket

Income$2,046Out of Pocket$646Mortgage P&I$1,59378%Property Taxes$4Insurance$1125%Management$30715%CapEx$824%Maintenance$824%Other$51225%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,046

Total Expenses

$2,692

Mortgage P&I

78%

$1,593

Property Taxes

0%

$4

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$512

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