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35 S Rippling Ct, Smithfield, NC 27577

3 beds • 4 baths • 3162 sqft

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This property looks like a bad Airbnb investment with a projected -18.7% first-year return on $198k initial cash invested.

-18.7%

Cash On Cash

1.74%

Cap Rate

0.3

DSCR

$3,506

Rent

-$3,088

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $6,594 expenses = $3,088 out of pocket

Income$3,506Out of Pocket$3,088Mortgage P&I$4,193120%Property Taxes$41912%Insurance$3009%Management$52615%CapEx$1404%Maintenance$1404%Other$87625%

Investment Breakdown

|

Purchase Price

$858k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$172k

Closing costs

1%

$8,580

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$6,594

Mortgage P&I

120%

$4,193

Property Taxes

12%

$419

Home Insurance

9%

$300

HOA

0%

$0

Property Management

15%

$526

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$876

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