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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 -18.57% first-year return on $311k initial cash invested.

-18.57%

Cash On Cash

1.97%

Cap Rate

0.33

DSCR

$5,760

Rent

-$4,813

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,760 income − $10,573 expenses = $4,813 out of pocket

Income$5,760Out of Pocket$4,813Mortgage P&I$6,871119%Property Taxes$4508%Insurance$4888%Management$86415%CapEx$2304%Maintenance$2304%Other$1,44025%

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

$5,760

Total Expenses

$10,573

Mortgage P&I

119%

$6,871

Property Taxes

8%

$450

Home Insurance

8%

$488

HOA

0%

$0

Property Management

15%

$864

CapEx

4%

$230

Vacancy

0%

$0

Maintenance

4%

$230

Other

25%

$1,440

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