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11321 Torino Rd, Matthews, NC 28105

3 beds • 3 baths • 1865 sqft

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This property looks like a bad Airbnb investment with a projected -7.69% first-year return on $110k initial cash invested.

-7.69%

Cash On Cash

4.39%

Cap Rate

0.74

DSCR

$3,540

Rent

-$706

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,540 income − $4,246 expenses = $706 out of pocket

Income$3,540Out of Pocket$706Mortgage P&I$2,16961%Property Taxes$2196%Insurance$1584%Management$53115%CapEx$1424%Maintenance$1424%Other$88525%

Investment Breakdown

|

Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,760

Closing costs

1%

$4,388

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,540

Total Expenses

$4,246

Mortgage P&I

61%

$2,169

Property Taxes

6%

$219

Home Insurance

4%

$158

HOA

0%

$0

Property Management

15%

$531

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$885

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