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513 Bost Rd, Morganton, NC 28655

3 beds • 2 baths • 1716 sqft

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This property looks like a bad Airbnb investment with a projected -8.41% first-year return on $79,950 initial cash invested.

-8.41%

Cash On Cash

3.94%

Cap Rate

0.67

DSCR

$2,074

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,074

Total Expenses

$2,634

Mortgage P&I

70%

$1,445

Property Taxes

4%

$91

Home Insurance

5%

$103

HOA

0%

$0

Property Management

15%

$311

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$518

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