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7835 Us Highway 23, Mars Hill, NC 28754

3 beds • 3 baths • 2209 sqft

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This property looks like a bad Airbnb investment with a projected -21.3% first-year return on $144k initial cash invested.

-21.3%

Cash On Cash

0.94%

Cap Rate

0.16

DSCR

$1,660

Rent

-$2,552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,660 income − $4,212 expenses = $2,552 out of pocket

Income$1,660Out of Pocket$2,552Mortgage P&I$2,956178%Property Taxes$25015%Insurance$21013%Management$24915%CapEx$664%Maintenance$664%Other$41525%

Investment Breakdown

|

Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,660

Total Expenses

$4,212

Mortgage P&I

178%

$2,956

Property Taxes

15%

$250

Home Insurance

13%

$210

HOA

0%

$0

Property Management

15%

$249

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$415

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