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11723 Meetinghouse Dr, Cornelius, NC 28031

3 beds • 2 baths • 1494 sqft

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This property looks like a bad Airbnb investment with a projected -12.97% first-year return on $122k initial cash invested.

-12.97%

Cash On Cash

3.13%

Cap Rate

0.53

DSCR

$3,823

Rent

-$1,314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$493k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,600

Closing costs

1%

$4,930

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,823

Total Expenses

$5,137

Mortgage P&I

64%

$2,447

Property Taxes

7%

$283

Home Insurance

5%

$175

HOA

10%

$397

Property Management

15%

$573

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$956

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