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404 N Greenbriar Rd, Statesville, NC 28625

3 beds • 2 baths • 1856 sqft

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This property looks like a bad Airbnb investment with a projected -7.38% first-year return on $79,068 initial cash invested.

-7.38%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$2,458

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,458 income − $2,944 expenses = $486 out of pocket

Income$2,458Out of Pocket$486Mortgage P&I$1,46059%Property Taxes$2008%Insurance$1054%Management$36915%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,068

Downpayment

20%

$58,160

Closing costs

1%

$2,908

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,458

Total Expenses

$2,944

Mortgage P&I

59%

$1,460

Property Taxes

8%

$200

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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