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1230 Melrose Dr, Burlington, NC 27217

3 beds • 2 baths • 1251 sqft

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This property looks like a bad Airbnb investment with a projected -5.09% first-year return on $72,600 initial cash invested.

-5.09%

Cash On Cash

4.93%

Cap Rate

0.83

DSCR

$2,321

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,321 income − $2,629 expenses = $308 out of pocket

Income$2,321Out of Pocket$308Mortgage P&I$1,28355%Property Taxes$1416%Insurance$914%Management$34815%CapEx$934%Maintenance$934%Other$58025%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,321

Total Expenses

$2,629

Mortgage P&I

55%

$1,283

Property Taxes

6%

$141

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$348

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$580

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