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707 Luther Dr, Iron Station, NC 28080

3 beds • 4 baths • 3564 sqft

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This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $164k initial cash invested.

-20.76%

Cash On Cash

1.22%

Cap Rate

0.2

DSCR

$2,316

Rent

-$2,840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $5,156 expenses = $2,840 out of pocket

Income$2,316Out of Pocket$2,840Mortgage P&I$3,453149%Property Taxes$31414%Insurance$25411%HOA$231%Management$34715%CapEx$934%Maintenance$934%Other$57925%

Investment Breakdown

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Purchase Price

$696k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,961

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$5,156

Mortgage P&I

149%

$3,453

Property Taxes

14%

$314

Home Insurance

11%

$254

HOA

1%

$23

Property Management

15%

$347

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$579

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