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1116 Millbank Dr, Matthews, NC 28104

3 beds • 2 baths • 2077 sqft

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This property looks like a bad Airbnb investment with a projected -12.03% first-year return on $121k initial cash invested.

-12.03%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$3,332

Rent

-$1,215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,332 income − $4,547 expenses = $1,215 out of pocket

Income$3,332Out of Pocket$1,215Mortgage P&I$2,42873%Property Taxes$2798%Insurance$1755%HOA$662%Management$50015%CapEx$1334%Maintenance$1334%Other$83325%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,240

Closing costs

1%

$4,912

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,332

Total Expenses

$4,547

Mortgage P&I

73%

$2,428

Property Taxes

8%

$279

Home Insurance

5%

$175

HOA

2%

$66

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$833

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