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3002 Lake Shore Rd S, Denver, NC 28037

3 beds • 2 baths • 2939 sqft

$1,395,000

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This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $311k initial cash invested.

-19.71%

Cash On Cash

1.7%

Cap Rate

0.29

DSCR

$5,198

Rent

-$5,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,198

Total Expenses

$10,305

Mortgage P&I

132%

$6,871

Property Taxes

9%

$450

Home Insurance

9%

$488

HOA

0%

$0

Property Management

15%

$780

CapEx

4%

$208

Vacancy

0%

$0

Maintenance

4%

$208

Other

25%

$1,300

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