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111 Gallarie Pl, Salisbury, NC 28144

3 beds • 3 baths • 2144 sqft

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This property looks like a bad Airbnb investment with a projected -9.65% first-year return on $89,505 initial cash invested.

-9.65%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$2,626

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,626 income − $3,346 expenses = $720 out of pocket

Income$2,626Out of Pocket$720Mortgage P&I$1,69565%Property Taxes$26110%Insurance$1305%Management$39415%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,626

Total Expenses

$3,346

Mortgage P&I

65%

$1,695

Property Taxes

10%

$261

Home Insurance

5%

$130

HOA

0%

$0

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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