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309 NE 41st Street, Oak Island, NC 28465

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -17.81% first-year return on $149k initial cash invested.

-17.81%

Cash On Cash

1.94%

Cap Rate

0.32

DSCR

$2,698

Rent

-$2,207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,698 income − $4,905 expenses = $2,207 out of pocket

Income$2,698Out of Pocket$2,207Mortgage P&I$3,107115%Property Taxes$27510%Insurance$2288%Management$40515%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

|

Purchase Price

$622k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$124k

Closing costs

1%

$6,222

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,698

Total Expenses

$4,905

Mortgage P&I

115%

$3,107

Property Taxes

10%

$275

Home Insurance

8%

$228

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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