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412 Lewis Rd, Rutherfordton, NC 28139

3 beds • 2 baths • 1581 sqft

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This property looks like a bad Airbnb investment with a projected -11.85% first-year return on $80,706 initial cash invested.

-11.85%

Cash On Cash

3.1%

Cap Rate

0.52

DSCR

$1,800

Rent

-$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,800 income − $2,597 expenses = $797 out of pocket

Income$1,800Out of Pocket$797Mortgage P&I$1,49683%Property Taxes$1448%Insurance$935%Management$27015%CapEx$724%Maintenance$724%Other$45025%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,706

Downpayment

20%

$59,720

Closing costs

1%

$2,986

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,800

Total Expenses

$2,597

Mortgage P&I

83%

$1,496

Property Taxes

8%

$144

Home Insurance

5%

$93

HOA

0%

$0

Property Management

15%

$270

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$450

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