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456 Spring House Dr, Burnsville, NC 28714

3 beds • 4 baths • 2903 sqft

$1,375,000

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This property looks like a bad Airbnb investment with a projected -25.92% first-year return on $307k initial cash invested.

-25.92%

Cash On Cash

0.24%

Cap Rate

0.04

DSCR

$3,102

Rent

-$6,627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,102 income − $9,729 expenses = $6,627 out of pocket

Income$3,102Out of Pocket$6,627Mortgage P&I$6,773218%Property Taxes$58619%Insurance$48116%HOA$40013%Management$46515%CapEx$1244%Maintenance$1244%Other$77625%

Investment Breakdown

|

Purchase Price

$1375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$307k

Downpayment

20%

$275k

Closing costs

1%

$13,750

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,102

Total Expenses

$9,729

Mortgage P&I

218%

$6,773

Property Taxes

19%

$586

Home Insurance

16%

$481

HOA

13%

$400

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$776

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