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309 Presnell St, Burnsville, NC 28714

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Airbnb investment with a projected -11.8% first-year return on $91,290 initial cash invested.

-11.8%

Cash On Cash

3.04%

Cap Rate

0.52

DSCR

$1,906

Rent

-$898

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,906 income − $2,804 expenses = $898 out of pocket

Income$1,906Out of Pocket$898Mortgage P&I$1,70790%Property Taxes$613%Insurance$1226%Management$28615%CapEx$764%Maintenance$764%Other$47625%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,906

Total Expenses

$2,804

Mortgage P&I

90%

$1,707

Property Taxes

3%

$61

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$286

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$476

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