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900 Cone Ave, Pineville, NC 28134

3 beds • 2 baths • 1257 sqft

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This property looks like a bad Airbnb investment with a projected -0.6% first-year return on $77,766 initial cash invested.

-0.6%

Cash On Cash

6.36%

Cap Rate

1.06

DSCR

$3,153

Rent

-$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,153 income − $3,192 expenses = $39 out of pocket

Income$3,153Out of Pocket$39Mortgage P&I$1,42145%Property Taxes$1605%Insurance$983%Management$47315%CapEx$1264%Maintenance$1264%Other$78825%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,766

Downpayment

20%

$56,920

Closing costs

1%

$2,846

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,153

Total Expenses

$3,192

Mortgage P&I

45%

$1,421

Property Taxes

5%

$160

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$473

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$788

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