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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 -27.07% first-year return on $307k initial cash invested.

-27.07%

Cash On Cash

-0.04%

Cap Rate

-0.01

DSCR

$2,535

Rent

-$6,921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,535 income − $9,456 expenses = $6,921 out of pocket

Income$2,535Out of Pocket$6,921Mortgage P&I$6,773267%Property Taxes$58623%Insurance$48119%HOA$40016%Management$38015%CapEx$1014%Maintenance$1014%Other$63425%

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

$2,535

Total Expenses

$9,456

Mortgage P&I

267%

$6,773

Property Taxes

23%

$586

Home Insurance

19%

$481

HOA

16%

$400

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$634

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