REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1121 Lundix St, Albemarle, NC 28001

3 beds • 2 baths • 900 sqft

Email

This property might be a fair Airbnb investment with a projected 8.62% first-year return on $46,497 initial cash invested.

8.62%

Cash On Cash

9.93%

Cap Rate

1.6

DSCR

$2,218

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,218 income − $1,884 expenses = $334 cash flow

Income$2,218Mortgage P&I$70032%Property Taxes$703%Insurance$492%Management$33315%CapEx$894%Maintenance$894%Other$55425%Cash Flow$334

Investment Breakdown

|

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

$2,218

Total Expenses

$1,884

Mortgage P&I

32%

$700

Property Taxes

3%

$70

Home Insurance

2%

$49

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis