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348 Olivet Ln, Fletcher, NC 28732

3 beds • 3 baths • 3319 sqft

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This property looks like a bad Airbnb investment with a projected -14.63% first-year return on $206k initial cash invested.

-14.63%

Cash On Cash

2.74%

Cap Rate

0.47

DSCR

$4,908

Rent

-$2,511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$895k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$206k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,908

Total Expenses

$7,419

Mortgage P&I

89%

$4,358

Property Taxes

6%

$297

Home Insurance

6%

$313

HOA

2%

$96

Property Management

15%

$736

CapEx

4%

$196

Vacancy

0%

$0

Maintenance

4%

$196

Other

25%

$1,227

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