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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 -11.89% first-year return on $163k initial cash invested.

-11.89%

Cash On Cash

3.51%

Cap Rate

0.59

DSCR

$4,865

Rent

-$1,619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,865 income − $6,484 expenses = $1,619 out of pocket

Income$4,865Out of Pocket$1,619Mortgage P&I$3,44671%Property Taxes$1693%Insurance$2856%HOA$2485%Management$73015%CapEx$1954%Maintenance$1954%Other$1,21625%

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

$4,865

Total Expenses

$6,484

Mortgage P&I

71%

$3,446

Property Taxes

3%

$169

Home Insurance

6%

$285

HOA

5%

$248

Property Management

15%

$730

CapEx

4%

$195

Vacancy

0%

$0

Maintenance

4%

$195

Other

25%

$1,216

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