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659 N Main St, Stanley, NC 28164

3 beds • 3 baths • 1775 sqft

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This property looks like a bad Airbnb investment with a projected -0.92% first-year return on $62,625 initial cash invested.

-0.92%

Cash On Cash

6.79%

Cap Rate

1.05

DSCR

$2,668

Rent

-$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,668 income − $2,716 expenses = $48 out of pocket

Income$2,668Out of Pocket$48Mortgage P&I$1,14343%Property Taxes$2178%Insurance$753%Management$40015%CapEx$1074%Maintenance$1074%Other$66725%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,625

Downpayment

20%

$42,500

Closing costs

1%

$2,125

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,668

Total Expenses

$2,716

Mortgage P&I

43%

$1,143

Property Taxes

8%

$217

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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