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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 -6.07% first-year return on $91,290 initial cash invested.

-6.07%

Cash On Cash

4.66%

Cap Rate

0.79

DSCR

$2,747

Rent

-$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,747 income − $3,209 expenses = $462 out of pocket

Income$2,747Out of Pocket$462Mortgage P&I$1,70762%Property Taxes$612%Insurance$1224%Management$41215%CapEx$1104%Maintenance$1104%Other$68725%

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

$2,747

Total Expenses

$3,209

Mortgage P&I

62%

$1,707

Property Taxes

2%

$61

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$687

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