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1016 Underwood Rd, Matthews, NC 28104

3 beds • 2 baths • 1166 sqft

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This property looks like a bad Airbnb investment with a projected -5.83% first-year return on $93,684 initial cash invested.

-5.83%

Cash On Cash

4.81%

Cap Rate

0.81

DSCR

$2,987

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,987 income − $3,442 expenses = $455 out of pocket

Income$2,987Out of Pocket$455Mortgage P&I$1,78260%Property Taxes$983%Insurance$1294%Management$44815%CapEx$1194%Maintenance$1194%Other$74725%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,684

Downpayment

20%

$72,080

Closing costs

1%

$3,604

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,987

Total Expenses

$3,442

Mortgage P&I

60%

$1,782

Property Taxes

3%

$98

Home Insurance

4%

$129

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$747

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