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6264 Us Highway 221 S, Marion, NC 28752

3 beds • 2 baths • 1837 sqft

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This property looks like a bad Airbnb investment with a projected -16.12% first-year return on $93,873 initial cash invested.

-16.12%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$1,412

Rent

-$1,261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,412 income − $2,673 expenses = $1,261 out of pocket

Income$1,412Out of Pocket$1,261Mortgage P&I$1,802128%Property Taxes$634%Insurance$1319%Management$21215%CapEx$564%Maintenance$564%Other$35325%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,873

Downpayment

20%

$72,260

Closing costs

1%

$3,613

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,412

Total Expenses

$2,673

Mortgage P&I

128%

$1,802

Property Taxes

4%

$63

Home Insurance

9%

$131

HOA

0%

$0

Property Management

15%

$212

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$353

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