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10316 Bon Meade Ln, Cornelius, NC 28031

3 beds • 2 baths • 1509 sqft

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This property looks like a bad Airbnb investment with a projected -4.71% first-year return on $103k initial cash invested.

-4.71%

Cash On Cash

5.24%

Cap Rate

0.88

DSCR

$3,840

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,840 income − $4,245 expenses = $405 out of pocket

Income$3,840Out of Pocket$405Mortgage P&I$2,02153%Property Taxes$2356%Insurance$1454%Management$57615%CapEx$1544%Maintenance$1544%Other$96025%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,060

Closing costs

1%

$4,053

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,840

Total Expenses

$4,245

Mortgage P&I

53%

$2,021

Property Taxes

6%

$235

Home Insurance

4%

$145

HOA

0%

$0

Property Management

15%

$576

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$960

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