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299 McDowell Ln, Burnsville, NC 28714

3 beds • 2 baths • 2262 sqft

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This property looks like a bad Airbnb investment with a projected -19.29% first-year return on $128k initial cash invested.

-19.29%

Cash On Cash

1.51%

Cap Rate

0.25

DSCR

$1,778

Rent

-$2,050

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,778 income − $3,828 expenses = $2,050 out of pocket

Income$1,778Out of Pocket$2,050Mortgage P&I$2,635148%Property Taxes$1488%Insurance$19211%Management$26715%CapEx$714%Maintenance$714%Other$44425%

Investment Breakdown

|

Purchase Price

$522k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$104k

Closing costs

1%

$5,217

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,778

Total Expenses

$3,828

Mortgage P&I

148%

$2,635

Property Taxes

8%

$148

Home Insurance

11%

$192

HOA

0%

$0

Property Management

15%

$267

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$444

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