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120 Wetland Drive, Wilmington, NC 28412

3 beds • 3 baths • 2320 sqft

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This property looks like a bad Airbnb investment with a projected -14.1% first-year return on $137k initial cash invested.

-14.1%

Cash On Cash

2.74%

Cap Rate

0.47

DSCR

$3,047

Rent

-$1,610

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$567k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,668

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,047

Total Expenses

$4,657

Mortgage P&I

91%

$2,783

Property Taxes

5%

$154

Home Insurance

7%

$205

HOA

2%

$52

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$762

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