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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 -14.24% first-year return on $89,505 initial cash invested.

-14.24%

Cash On Cash

2.51%

Cap Rate

0.42

DSCR

$1,971

Rent

-$1,062

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $3,033 expenses = $1,062 out of pocket

Income$1,971Out of Pocket$1,062Mortgage P&I$1,69586%Property Taxes$26113%Insurance$1307%Management$29615%CapEx$794%Maintenance$794%Other$49325%

Investment Breakdown

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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

$1,971

Total Expenses

$3,033

Mortgage P&I

86%

$1,695

Property Taxes

13%

$261

Home Insurance

7%

$130

HOA

0%

$0

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$493

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