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4216 Bolick Road, Lenoir, NC 28645

3 beds • 4 baths • 2536 sqft

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This property looks like a bad Airbnb investment with a projected -13.15% first-year return on $168k initial cash invested.

-13.15%

Cash On Cash

3.17%

Cap Rate

0.53

DSCR

$4,355

Rent

-$1,845

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,355 income − $6,200 expenses = $1,845 out of pocket

Income$4,355Out of Pocket$1,845Mortgage P&I$3,56482%Property Taxes$2847%Insurance$2626%Management$65315%CapEx$1744%Maintenance$1744%Other$1,08925%

Investment Breakdown

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Purchase Price

$716k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$143k

Closing costs

1%

$7,159

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,355

Total Expenses

$6,200

Mortgage P&I

82%

$3,564

Property Taxes

7%

$284

Home Insurance

6%

$262

HOA

0%

$0

Property Management

15%

$653

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,089

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