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1121 Lundix St, Albemarle, NC 28001

3 beds • 2 baths • 900 sqft

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This property might be a fair Airbnb investment with a projected 6.81% first-year return on $46,497 initial cash invested.

6.81%

Cash On Cash

9.26%

Cap Rate

1.5

DSCR

$2,081

Rent

$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$136k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,497

Downpayment

20%

$27,140

Closing costs

1%

$1,357

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,081

Total Expenses

$1,817

Mortgage P&I

34%

$700

Property Taxes

3%

$70

Home Insurance

2%

$49

HOA

0%

$0

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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