REI Lense

REI Lense

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Target property

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 -29.24% first-year return on $148k initial cash invested.

-29.24%

Cash On Cash

-0.95%

Cap Rate

-0.16

DSCR

$0

Rent

-$3,617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $3,617 expenses = $3,617 out of pocket

Income$0Out of Pocket$3,617Mortgage P&I$3,124Property Taxes$177Insurance$222HOA$94

Investment Breakdown

|

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

$0

Total Expenses

$3,617

Mortgage P&I

31240000%

$3,124

Property Taxes

1770000%

$177

Home Insurance

2220000%

$222

HOA

940000%

$94

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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