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This property looks like a bad Airbnb investment with a projected -10.74% first-year return on $243k initial cash invested.
-10.74%
Cash On Cash
3.83%
Cap Rate
0.65
DSCR
$7,756
Rent
-$2,173
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$1070k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,756
Total Expenses
$9,929
Mortgage P&I
68%
$5,281
Property Taxes
7%
$541
Home Insurance
5%
$385
HOA
0%
$0
Property Management
15%
$1,163
CapEx
4%
$310
Vacancy
0%
$0
Maintenance
4%
$310
Other
25%
$1,939
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Waterfront Stay w/ Dock, Game Room & Fire Pit | $8,747 | $553 | 3 | 3.5 | 0.63 mi |
Sweeping Lake Views • Fire Pit • Hot Tub • Pets OK | $6,659 | $421 | 3 | 2 | 0.34 mi |
Beautiful home on Lake Noman | $6,026 | $381 | 3 | 2.5 | 0.14 mi |
Lake Norman | Lake Access, Hot Tub & Dock | $17,936 | $1,134 | 4 | 3.5 | 0.29 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality