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6149 N Shore Dr, Nebo, NC 28761

3 beds • 2 baths • 2250 sqft

$1,499,000

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This property looks like a bad Airbnb investment with a projected -24.99% first-year return on $333k initial cash invested.

-24.99%

Cash On Cash

0.47%

Cap Rate

0.08

DSCR

$2,651

Rent

-$6,929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,651 income − $9,580 expenses = $6,929 out of pocket

Income$2,651Out of Pocket$6,929Mortgage P&I$7,408279%Property Taxes$37214%Insurance$52520%HOA$2Management$39815%CapEx$1064%Maintenance$1064%Other$66325%

Investment Breakdown

|

Purchase Price

$1499k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$14,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,651

Total Expenses

$9,580

Mortgage P&I

279%

$7,408

Property Taxes

14%

$372

Home Insurance

20%

$525

HOA

0%

$2

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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