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1036 Cutler Pl, Charlotte, NC 28205

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Airbnb investment with a projected -17.93% first-year return on $118k initial cash invested.

-17.93%

Cash On Cash

1.8%

Cap Rate

0.3

DSCR

$2,090

Rent

-$1,770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $3,860 expenses = $1,770 out of pocket

Income$2,090Out of Pocket$1,770Mortgage P&I$2,404115%Property Taxes$28013%Insurance$1728%Management$31415%CapEx$844%Maintenance$844%Other$52225%

Investment Breakdown

|

Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,680

Closing costs

1%

$4,784

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,090

Total Expenses

$3,860

Mortgage P&I

115%

$2,404

Property Taxes

13%

$280

Home Insurance

8%

$172

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$522

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