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6019 Us Highway 301 S, Hope Mills, NC 28348

3 beds • 3 baths • 2236 sqft

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This property looks like a bad Airbnb investment with a projected -9.8% first-year return on $84,129 initial cash invested.

-9.8%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$2,309

Rent

-$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $2,996 expenses = $687 out of pocket

Income$2,309Out of Pocket$687Mortgage P&I$1,58469%Property Taxes$1958%Insurance$1105%Management$34615%CapEx$924%Maintenance$924%Other$57725%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,129

Downpayment

20%

$62,980

Closing costs

1%

$3,149

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,309

Total Expenses

$2,996

Mortgage P&I

69%

$1,584

Property Taxes

8%

$195

Home Insurance

5%

$110

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$577

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