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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 -5.16% first-year return on $72,600 initial cash invested.

-5.16%

Cash On Cash

4.91%

Cap Rate

0.83

DSCR

$2,312

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,312

Total Expenses

$2,624

Mortgage P&I

55%

$1,283

Property Taxes

6%

$141

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$347

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$578

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