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6006 Waterfalls Rd, Lenoir, NC 28645

3 beds • 3 baths • 2238 sqft

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This property looks like a bad Airbnb investment with a projected -6.28% first-year return on $124k initial cash invested.

-6.28%

Cash On Cash

5.03%

Cap Rate

0.82

DSCR

$4,540

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,540 income − $5,191 expenses = $651 out of pocket

Income$4,540Out of Pocket$651Mortgage P&I$2,59257%Property Taxes$2275%Insurance$1924%Management$68115%CapEx$1824%Maintenance$1824%Other$1,13525%

Investment Breakdown

|

Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,066

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,540

Total Expenses

$5,191

Mortgage P&I

57%

$2,592

Property Taxes

5%

$227

Home Insurance

4%

$192

HOA

0%

$0

Property Management

15%

$681

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,135

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