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889 Big Ridge Rd, Franklin, NC 28734

3 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -8.23% first-year return on $89,274 initial cash invested.

-8.23%

Cash On Cash

4.36%

Cap Rate

0.71

DSCR

$2,617

Rent

-$612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,617 income − $3,229 expenses = $612 out of pocket

Income$2,617Out of Pocket$612Mortgage P&I$1,74066%Property Taxes$1104%Insurance$1225%Management$39315%CapEx$1054%Maintenance$1054%Other$65425%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,617

Total Expenses

$3,229

Mortgage P&I

66%

$1,740

Property Taxes

4%

$110

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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