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33 Souther Rd, Fletcher, NC 28732

3 beds • 3 baths • 2853 sqft

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This property looks like a bad Airbnb investment with a projected -12.8% first-year return on $115k initial cash invested.

-12.8%

Cash On Cash

3%

Cap Rate

0.51

DSCR

$2,579

Rent

-$1,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,579 income − $3,810 expenses = $1,231 out of pocket

Income$2,579Out of Pocket$1,231Mortgage P&I$2,28889%Property Taxes$743%Insurance$2108%Management$38715%CapEx$1034%Maintenance$1034%Other$64525%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,740

Closing costs

1%

$4,637

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,579

Total Expenses

$3,810

Mortgage P&I

89%

$2,288

Property Taxes

3%

$74

Home Insurance

8%

$210

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$645

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