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1100 Legacy Lake Dr, Monroe, NC 28110

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Airbnb investment with a projected -11.06% first-year return on $124k initial cash invested.

-11.06%

Cash On Cash

3.56%

Cap Rate

0.6

DSCR

$3,602

Rent

-$1,144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,602 income − $4,746 expenses = $1,144 out of pocket

Income$3,602Out of Pocket$1,144Mortgage P&I$2,49869%Property Taxes$3299%Insurance$1915%Management$54015%CapEx$1444%Maintenance$1444%Other$90025%

Investment Breakdown

|

Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,602

Total Expenses

$4,746

Mortgage P&I

69%

$2,498

Property Taxes

9%

$329

Home Insurance

5%

$191

HOA

0%

$0

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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