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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 -12.66% first-year return on $89,505 initial cash invested.

-12.66%

Cash On Cash

2.96%

Cap Rate

0.49

DSCR

$2,196

Rent

-$944

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,196 income − $3,140 expenses = $944 out of pocket

Income$2,196Out of Pocket$944Mortgage P&I$1,69577%Property Taxes$26112%Insurance$1306%Management$32915%CapEx$884%Maintenance$884%Other$54925%

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

$2,196

Total Expenses

$3,140

Mortgage P&I

77%

$1,695

Property Taxes

12%

$261

Home Insurance

6%

$130

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$549

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