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352 Cedar Ln, Arden, NC 28704

3 beds • 2 baths • 1935 sqft

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This property looks like a bad Airbnb investment with a projected -11.94% first-year return on $112k initial cash invested.

-11.94%

Cash On Cash

3.47%

Cap Rate

0.56

DSCR

$2,951

Rent

-$1,115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,951 income − $4,066 expenses = $1,115 out of pocket

Income$2,951Out of Pocket$1,115Mortgage P&I$2,29178%Property Taxes$1967%Insurance$1625%Management$44315%CapEx$1184%Maintenance$1184%Other$73825%

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,560

Closing costs

1%

$4,478

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,951

Total Expenses

$4,066

Mortgage P&I

78%

$2,291

Property Taxes

7%

$196

Home Insurance

5%

$162

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$738

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