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1109 Congressional Lane, Wilmington, NC 28411

3 beds • 3 baths • 2323 sqft

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This property looks like a bad Airbnb investment with a projected -11.29% first-year return on $163k initial cash invested.

-11.29%

Cash On Cash

3.66%

Cap Rate

0.61

DSCR

$5,022

Rent

-$1,537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,022 income − $6,559 expenses = $1,537 out of pocket

Income$5,022Out of Pocket$1,537Mortgage P&I$3,44669%Property Taxes$1693%Insurance$2856%HOA$2485%Management$75315%CapEx$2014%Maintenance$2014%Other$1,25625%

Investment Breakdown

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Purchase Price

$692k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,922

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,022

Total Expenses

$6,559

Mortgage P&I

69%

$3,446

Property Taxes

3%

$169

Home Insurance

6%

$285

HOA

5%

$248

Property Management

15%

$753

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,256

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