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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 -5.37% first-year return on $72,600 initial cash invested.

-5.37%

Cash On Cash

4.85%

Cap Rate

0.82

DSCR

$2,290

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,615 expenses = $325 out of pocket

Income$2,290Out of Pocket$325Mortgage P&I$1,28356%Property Taxes$1416%Insurance$914%Management$34415%CapEx$924%Maintenance$924%Other$57225%

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

$2,290

Total Expenses

$2,615

Mortgage P&I

56%

$1,283

Property Taxes

6%

$141

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$572

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