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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 -9.95% first-year return on $105k initial cash invested.

-9.95%

Cash On Cash

3.59%

Cap Rate

0.62

DSCR

$2,856

Rent

-$870

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,856

Total Expenses

$3,726

Mortgage P&I

70%

$1,993

Property Taxes

6%

$182

Home Insurance

6%

$158

HOA

1%

$23

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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