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3083 Three Wood Dr, Denver, NC 28037

3 beds • 3 baths • 3269 sqft

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This property looks like a bad Airbnb investment with a projected -6.79% first-year return on $162k initial cash invested.

-6.79%

Cash On Cash

4.61%

Cap Rate

0.79

DSCR

$5,754

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,754 income − $6,670 expenses = $916 out of pocket

Income$5,754Out of Pocket$916Mortgage P&I$3,31858%Property Taxes$3326%Insurance$2595%Management$86315%CapEx$2304%Maintenance$2304%Other$1,43825%

Investment Breakdown

|

Purchase Price

$686k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$162k

Downpayment

20%

$137k

Closing costs

1%

$6,856

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,754

Total Expenses

$6,670

Mortgage P&I

58%

$3,318

Property Taxes

6%

$332

Home Insurance

5%

$259

HOA

0%

$0

Property Management

15%

$863

CapEx

4%

$230

Vacancy

0%

$0

Maintenance

4%

$230

Other

25%

$1,438

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