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8 Wedgewood Dr, Mills River, NC 28759

3 beds • 3 baths • 2032 sqft

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This property looks like a bad Airbnb investment with a projected -16.41% first-year return on $105k initial cash invested.

-16.41%

Cash On Cash

2.05%

Cap Rate

0.34

DSCR

$1,729

Rent

-$1,437

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,729 income − $3,166 expenses = $1,437 out of pocket

Income$1,729Out of Pocket$1,437Mortgage P&I$2,075120%Property Taxes$966%Insurance$16610%Management$25915%CapEx$694%Maintenance$694%Other$43225%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,940

Closing costs

1%

$4,147

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,729

Total Expenses

$3,166

Mortgage P&I

120%

$2,075

Property Taxes

6%

$96

Home Insurance

10%

$166

HOA

0%

$0

Property Management

15%

$259

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$432

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