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4915 S T Clark Rd, Morganton, NC 28655

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -16.38% first-year return on $104k initial cash invested.

-16.38%

Cash On Cash

1.95%

Cap Rate

0.33

DSCR

$1,843

Rent

-$1,421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,843 income − $3,264 expenses = $1,421 out of pocket

Income$1,843Out of Pocket$1,421Mortgage P&I$2,013109%Property Taxes$22212%Insurance$1448%Management$27615%CapEx$744%Maintenance$744%Other$46125%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,843

Total Expenses

$3,264

Mortgage P&I

109%

$2,013

Property Taxes

12%

$222

Home Insurance

8%

$144

HOA

0%

$0

Property Management

15%

$276

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$461

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