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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 -23.41% first-year return on $333k initial cash invested.

-23.41%

Cash On Cash

0.84%

Cap Rate

0.14

DSCR

$3,490

Rent

-$6,493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,490 income − $9,983 expenses = $6,493 out of pocket

Income$3,490Out of Pocket$6,493Mortgage P&I$7,408212%Property Taxes$37211%Insurance$52515%HOA$2Management$52415%CapEx$1404%Maintenance$1404%Other$87225%

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

$3,490

Total Expenses

$9,983

Mortgage P&I

212%

$7,408

Property Taxes

11%

$372

Home Insurance

15%

$525

HOA

0%

$2

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$872

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