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98 Soapstone Creek Dr, Arden, NC 28704

3 beds • 3 baths • 2837 sqft

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This property looks like a bad Airbnb investment with a projected -17.81% first-year return on $171k initial cash invested.

-17.81%

Cash On Cash

2.17%

Cap Rate

0.36

DSCR

$3,600

Rent

-$2,545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,600 income − $6,145 expenses = $2,545 out of pocket

Income$3,600Out of Pocket$2,545Mortgage P&I$3,725103%Property Taxes$2236%Insurance$2617%HOA$2086%Management$54015%CapEx$1444%Maintenance$1444%Other$90025%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,309

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,600

Total Expenses

$6,145

Mortgage P&I

103%

$3,725

Property Taxes

6%

$223

Home Insurance

7%

$261

HOA

6%

$208

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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