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607 Carlos St, Shelby, NC 28152

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -12.59% first-year return on $64,074 initial cash invested.

-12.59%

Cash On Cash

2.75%

Cap Rate

0.44

DSCR

$1,133

Rent

-$672

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,133 income − $1,805 expenses = $672 out of pocket

Income$1,133Out of Pocket$672Mortgage P&I$1,129100%Property Taxes$565%Insurance$777%Management$17015%CapEx$454%Maintenance$454%Other$28325%

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,074

Downpayment

20%

$43,880

Closing costs

1%

$2,194

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,133

Total Expenses

$1,805

Mortgage P&I

100%

$1,129

Property Taxes

5%

$56

Home Insurance

7%

$77

HOA

0%

$0

Property Management

15%

$170

CapEx

4%

$45

Vacancy

0%

$0

Maintenance

4%

$45

Other

25%

$283

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