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47 Stone Cottage Rd, Mars Hill, NC 28754

3 beds • 2 baths • 1276 sqft

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This property looks like a bad Airbnb investment with a projected -14.35% first-year return on $93,600 initial cash invested.

-14.35%

Cash On Cash

2.69%

Cap Rate

0.44

DSCR

$1,935

Rent

-$1,119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,935 income − $3,054 expenses = $1,119 out of pocket

Income$1,935Out of Pocket$1,119Mortgage P&I$1,85096%Property Taxes$1508%Insurance$1267%Management$29015%CapEx$774%Maintenance$774%Other$48425%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,935

Total Expenses

$3,054

Mortgage P&I

96%

$1,850

Property Taxes

8%

$150

Home Insurance

7%

$126

HOA

0%

$0

Property Management

15%

$290

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$484

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