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917 Overlook Dr SW, Lenoir, NC 28645

3 beds • 2 baths • 1377 sqft

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This property looks like a bad Airbnb investment with a projected -8.17% first-year return on $78,900 initial cash invested.

-8.17%

Cash On Cash

4.3%

Cap Rate

0.7

DSCR

$2,273

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,273 income − $2,810 expenses = $537 out of pocket

Income$2,273Out of Pocket$537Mortgage P&I$1,48465%Property Taxes$1336%Insurance$1024%Management$34115%CapEx$914%Maintenance$914%Other$56825%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,273

Total Expenses

$2,810

Mortgage P&I

65%

$1,484

Property Taxes

6%

$133

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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