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702 Addie Dr, Iron Station, NC 28080

3 beds • 3 baths • 2125 sqft

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This property looks like a bad Airbnb investment with a projected -13.76% first-year return on $105k initial cash invested.

-13.76%

Cash On Cash

2.55%

Cap Rate

0.44

DSCR

$2,219

Rent

-$1,203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,219 income − $3,422 expenses = $1,203 out of pocket

Income$2,219Out of Pocket$1,203Mortgage P&I$1,99390%Property Taxes$1828%Insurance$1587%HOA$231%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,800

Closing costs

1%

$4,140

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,219

Total Expenses

$3,422

Mortgage P&I

90%

$1,993

Property Taxes

8%

$182

Home Insurance

7%

$158

HOA

1%

$23

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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