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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 -9.67% first-year return on $110k initial cash invested.

-9.67%

Cash On Cash

3.85%

Cap Rate

0.65

DSCR

$3,191

Rent

-$888

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,191 income − $4,079 expenses = $888 out of pocket

Income$3,191Out of Pocket$888Mortgage P&I$2,16968%Property Taxes$2197%Insurance$1585%Management$47915%CapEx$1284%Maintenance$1284%Other$79825%

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

$3,191

Total Expenses

$4,079

Mortgage P&I

68%

$2,169

Property Taxes

7%

$219

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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