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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 -10.55% first-year return on $79,068 initial cash invested.

-10.55%

Cash On Cash

3.5%

Cap Rate

0.58

DSCR

$2,057

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,057 income − $2,752 expenses = $695 out of pocket

Income$2,057Out of Pocket$695Mortgage P&I$1,46071%Property Taxes$20010%Insurance$1055%Management$30915%CapEx$824%Maintenance$824%Other$51425%

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

$2,057

Total Expenses

$2,752

Mortgage P&I

71%

$1,460

Property Taxes

10%

$200

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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