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498 Plantation Dr, Rutherfordton, NC 28139

3 beds • 3 baths • 3490 sqft

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This property looks like a bad Airbnb investment with a projected -16.41% first-year return on $110k initial cash invested.

-16.41%

Cash On Cash

2.18%

Cap Rate

0.36

DSCR

$2,164

Rent

-$1,510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $3,674 expenses = $1,510 out of pocket

Income$2,164Out of Pocket$1,510Mortgage P&I$2,224103%Property Taxes$24912%Insurance$1617%Management$32515%CapEx$874%Maintenance$874%Other$54125%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,164

Total Expenses

$3,674

Mortgage P&I

103%

$2,224

Property Taxes

12%

$249

Home Insurance

7%

$161

HOA

0%

$0

Property Management

15%

$325

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$541

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