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606 E Springfield Rd, High Point, NC 27263

2 beds • 2 baths • 1606 sqft

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This property could be a profitable Airbnb investment with a projected 41.68% first-year return on $21,450 initial cash invested.

41.68%

Cash On Cash

27.89%

Cap Rate

4.69

DSCR

$1,951

Rent

$745

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$45,000

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$21,450

Downpayment

20%

$9,000

Closing costs

1%

$450

Rehab

0%

$0

Furnishing

27%

$12,000

Cashflow

Total Income

$1,951

Total Expenses

$1,206

Mortgage P&I

11%

$223

Property Taxes

2%

$30

Home Insurance

1%

$16

HOA

0%

$0

Property Management

15%

$293

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Quiet Condominium Escape in High Point

$1,576

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2

1

1.26 mi

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$1,661

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Home Away From Home Condominium in High Point

$1,938

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2

1

1.36 mi

15 Mi to Greensboro: Archdale Condo w/ Fireplace

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2

1

2.12 mi

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4

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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