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729 E Front St, Statesville, NC 28677

3 beds • 2 baths • 1228 sqft

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This property looks like a bad Airbnb investment with a projected -3.24% first-year return on $61,533 initial cash invested.

-3.24%

Cash On Cash

5.6%

Cap Rate

0.92

DSCR

$2,020

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,533

Downpayment

20%

$41,460

Closing costs

1%

$2,073

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,020

Total Expenses

$2,186

Mortgage P&I

52%

$1,052

Property Taxes

4%

$90

Home Insurance

4%

$74

HOA

0%

$0

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$505

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