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600 W Warren St, Shelby, NC 28150

3 beds • 2 baths • 2165 sqft

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This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $85,725 initial cash invested.

-8.1%

Cash On Cash

4.11%

Cap Rate

0.7

DSCR

$2,594

Rent

-$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $3,173 expenses = $579 out of pocket

Income$2,594Out of Pocket$579Mortgage P&I$1,58061%Property Taxes$2329%Insurance$1164%Management$38915%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,725

Downpayment

20%

$64,500

Closing costs

1%

$3,225

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,594

Total Expenses

$3,173

Mortgage P&I

61%

$1,580

Property Taxes

9%

$232

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$389

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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