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649 Pine St, Forest City, NC 28043

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Airbnb investment with a projected -13.36% first-year return on $86,670 initial cash invested.

-13.36%

Cash On Cash

2.75%

Cap Rate

0.46

DSCR

$1,856

Rent

-$965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,856 income − $2,821 expenses = $965 out of pocket

Income$1,856Out of Pocket$965Mortgage P&I$1,64088%Property Taxes$17710%Insurance$1146%Management$27815%CapEx$744%Maintenance$744%Other$46425%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,670

Downpayment

20%

$65,400

Closing costs

1%

$3,270

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,856

Total Expenses

$2,821

Mortgage P&I

88%

$1,640

Property Taxes

10%

$177

Home Insurance

6%

$114

HOA

0%

$0

Property Management

15%

$278

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$464

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