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706 Hedrick Dr, Statesville, NC 28677

3 beds • 2 baths • 2009 sqft

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This property looks like a bad Airbnb investment with a projected -8.81% first-year return on $89,169 initial cash invested.

-8.81%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$2,644

Rent

-$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,644 income − $3,299 expenses = $655 out of pocket

Income$2,644Out of Pocket$655Mortgage P&I$1,69264%Property Taxes$2168%Insurance$1215%Management$39715%CapEx$1064%Maintenance$1064%Other$66125%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,644

Total Expenses

$3,299

Mortgage P&I

64%

$1,692

Property Taxes

8%

$216

Home Insurance

5%

$121

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$661

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