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610 Hastings Rd, Mebane, NC 27302

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -12.2% first-year return on $84,024 initial cash invested.

-12.2%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,089

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,089 income − $2,943 expenses = $854 out of pocket

Income$2,089Out of Pocket$854Mortgage P&I$1,57775%Property Taxes$22211%Insurance$1145%HOA$271%Management$31315%CapEx$844%Maintenance$844%Other$52225%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,024

Downpayment

20%

$62,880

Closing costs

1%

$3,144

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,089

Total Expenses

$2,943

Mortgage P&I

75%

$1,577

Property Taxes

11%

$222

Home Insurance

5%

$114

HOA

1%

$27

Property Management

15%

$313

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$522

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