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6214 New Salem Rd, Marshville, NC 28103

3 beds • 2 baths • 1307 sqft

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This property looks like a bad Airbnb investment with a projected -11.94% first-year return on $118k initial cash invested.

-11.94%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$3,038

Rent

-$1,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,038 income − $4,214 expenses = $1,176 out of pocket

Income$3,038Out of Pocket$1,176Mortgage P&I$2,44180%Property Taxes$1364%Insurance$1776%Management$45615%CapEx$1224%Maintenance$1224%Other$76025%

Investment Breakdown

|

Purchase Price

$477k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,420

Closing costs

1%

$4,771

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,038

Total Expenses

$4,214

Mortgage P&I

80%

$2,441

Property Taxes

4%

$136

Home Insurance

6%

$177

HOA

0%

$0

Property Management

15%

$456

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$760

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