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5 Split Creek Ct, Mills River, NC 28759

3 beds • 2 baths • 2214 sqft

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This property looks like a bad Airbnb investment with a projected -14.59% first-year return on $161k initial cash invested.

-14.59%

Cash On Cash

2.82%

Cap Rate

0.47

DSCR

$3,855

Rent

-$1,956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,855 income − $5,811 expenses = $1,956 out of pocket

Income$3,855Out of Pocket$1,956Mortgage P&I$3,39988%Property Taxes$2206%Insurance$2456%HOA$973%Management$57815%CapEx$1544%Maintenance$1544%Other$96425%

Investment Breakdown

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Purchase Price

$680k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,802

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,855

Total Expenses

$5,811

Mortgage P&I

88%

$3,399

Property Taxes

6%

$220

Home Insurance

6%

$245

HOA

3%

$97

Property Management

15%

$578

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$964

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