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58 Sourwood Dr, Mills River, NC 28759

3 beds • 3 baths • 2505 sqft

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This property looks like a bad Airbnb investment with a projected -8.7% first-year return on $148k initial cash invested.

-8.7%

Cash On Cash

4.33%

Cap Rate

0.72

DSCR

$4,888

Rent

-$1,076

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,888 income − $5,964 expenses = $1,076 out of pocket

Income$4,888Out of Pocket$1,076Mortgage P&I$3,12464%Property Taxes$1774%Insurance$2225%HOA$942%Management$73315%CapEx$1964%Maintenance$1964%Other$1,22225%

Investment Breakdown

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Purchase Price

$621k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,212

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,888

Total Expenses

$5,964

Mortgage P&I

64%

$3,124

Property Taxes

4%

$177

Home Insurance

5%

$222

HOA

2%

$94

Property Management

15%

$733

CapEx

4%

$196

Vacancy

0%

$0

Maintenance

4%

$196

Other

25%

$1,222

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