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This property looks like a bad Airbnb investment with a projected -8.93% first-year return on $297k initial cash invested.
-8.93%
Cash On Cash
4.21%
Cap Rate
0.71
DSCR
$9,017
Rent
-$2,208
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
2%
$24,000
Cashflow
Total Income
$9,017
Total Expenses
$11,225
Mortgage P&I
71%
$6,399
Property Taxes
0%
$42
Home Insurance
5%
$455
HOA
0%
$0
Property Management
15%
$1,353
CapEx
4%
$361
Vacancy
0%
$0
Maintenance
4%
$361
Other
25%
$2,254
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Luxurious Lake Living! WaterFront, Hot tub, Views | $13,657 | $898 | 4 | 4 | 0.49 mi |
Quail Cottage Lake Norman | $7,695 | $506 | 4 | 3 | 0.2 mi |
Lakefront Living w/Optional Boat Rental | $14,326 | $942 | 4 | 3 | 0.67 mi |
Queens Cove-Heated Pool & Optional Boat Rental | $23,679 | $1,557 | 4 | 5.5 | 0.49 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality