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664 Paxton Creek Rd, Marion, NC 28752

3 beds • 3 baths • 2519 sqft

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This property looks like a bad Airbnb investment with a projected -19.23% first-year return on $139k initial cash invested.

-19.23%

Cash On Cash

1.49%

Cap Rate

0.25

DSCR

$2,439

Rent

-$2,222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,439 income − $4,661 expenses = $2,222 out of pocket

Income$2,439Out of Pocket$2,222Mortgage P&I$2,839116%Property Taxes$723%Insurance$57824%Management$36615%CapEx$984%Maintenance$984%Other$61025%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,745

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,439

Total Expenses

$4,661

Mortgage P&I

116%

$2,839

Property Taxes

3%

$72

Home Insurance

24%

$578

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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