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1021 Cedar Creek Rd, Kannapolis, NC 28083

3 beds • 2 baths • 1110 sqft

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This property looks like a bad Airbnb investment with a projected -1.03% first-year return on $77,178 initial cash invested.

-1.03%

Cash On Cash

6.08%

Cap Rate

1.04

DSCR

$2,929

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,178

Downpayment

20%

$56,360

Closing costs

1%

$2,818

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,929

Total Expenses

$2,995

Mortgage P&I

47%

$1,377

Property Taxes

4%

$113

Home Insurance

3%

$100

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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