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12920 Telfair Meadow Dr, Mint Hill, NC 28227

3 beds • 2 baths • 2449 sqft

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This property looks like a bad Airbnb investment with a projected -20.08% first-year return on $215k initial cash invested.

-20.08%

Cash On Cash

1.57%

Cap Rate

0.26

DSCR

$3,528

Rent

-$3,602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,528 income − $7,130 expenses = $3,602 out of pocket

Income$3,528Out of Pocket$3,602Mortgage P&I$4,690133%Property Taxes$36210%Insurance$34310%HOA$421%Management$52915%CapEx$1414%Maintenance$1414%Other$88225%

Investment Breakdown

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Purchase Price

$939k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$215k

Downpayment

20%

$188k

Closing costs

1%

$9,391

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,528

Total Expenses

$7,130

Mortgage P&I

133%

$4,690

Property Taxes

10%

$362

Home Insurance

10%

$343

HOA

1%

$42

Property Management

15%

$529

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$882

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