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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 -8.55% first-year return on $124k initial cash invested.

-8.55%

Cash On Cash

4.43%

Cap Rate

0.72

DSCR

$4,088

Rent

-$886

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,088 income − $4,974 expenses = $886 out of pocket

Income$4,088Out of Pocket$886Mortgage P&I$2,59263%Property Taxes$2276%Insurance$1925%Management$61315%CapEx$1644%Maintenance$1644%Other$1,02225%

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

$4,088

Total Expenses

$4,974

Mortgage P&I

63%

$2,592

Property Taxes

6%

$227

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$613

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,022

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