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371 Sharon School Rd, Statesville, NC 28677

3 beds • 2 baths • 1316 sqft

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This property looks like a bad Airbnb investment with a projected -2.07% first-year return on $69,618 initial cash invested.

-2.07%

Cash On Cash

6.09%

Cap Rate

0.99

DSCR

$2,565

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$2,685

Mortgage P&I

49%

$1,264

Property Taxes

4%

$102

Home Insurance

3%

$87

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

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