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121 Colquitt Drive, Wilmington, NC 28412

3 beds • 3 baths • 2698 sqft

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This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $146k initial cash invested.

-13.01%

Cash On Cash

2.99%

Cap Rate

0.51

DSCR

$3,431

Rent

-$1,584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,431 income − $5,015 expenses = $1,584 out of pocket

Income$3,431Out of Pocket$1,584Mortgage P&I$2,96987%Property Taxes$1655%Insurance$2196%HOA$15Management$51515%CapEx$1374%Maintenance$1374%Other$85825%

Investment Breakdown

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Purchase Price

$610k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,101

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,431

Total Expenses

$5,015

Mortgage P&I

87%

$2,969

Property Taxes

5%

$165

Home Insurance

6%

$219

HOA

0%

$15

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$858

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