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349 N Woodleaf Rd, Forest City, NC 28043

3 beds • 2 baths • 2023 sqft

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This property looks like a bad Airbnb investment with a projected -15.15% first-year return on $92,109 initial cash invested.

-15.15%

Cash On Cash

2.36%

Cap Rate

0.39

DSCR

$1,820

Rent

-$1,163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,820 income − $2,983 expenses = $1,163 out of pocket

Income$1,820Out of Pocket$1,163Mortgage P&I$1,78398%Property Taxes$19811%Insurance$1287%Management$27315%CapEx$734%Maintenance$734%Other$45525%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,109

Downpayment

20%

$70,580

Closing costs

1%

$3,529

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,820

Total Expenses

$2,983

Mortgage P&I

98%

$1,783

Property Taxes

11%

$198

Home Insurance

7%

$128

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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