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58 Poplar Dr, Mills River, NC 28759

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Airbnb investment with a projected -14.53% first-year return on $199k initial cash invested.

-14.53%

Cash On Cash

2.83%

Cap Rate

0.48

DSCR

$4,736

Rent

-$2,407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,736 income − $7,143 expenses = $2,407 out of pocket

Income$4,736Out of Pocket$2,407Mortgage P&I$4,24590%Property Taxes$2225%Insurance$3107%HOA$942%Management$71015%CapEx$1894%Maintenance$1894%Other$1,18425%

Investment Breakdown

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Purchase Price

$861k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$172k

Closing costs

1%

$8,609

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,736

Total Expenses

$7,143

Mortgage P&I

90%

$4,245

Property Taxes

5%

$222

Home Insurance

7%

$310

HOA

2%

$94

Property Management

15%

$710

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,184

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