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140 Piedmont Dr, Kannapolis, NC 28081

3 beds • 2 baths • 1847 sqft

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This property looks like a bad Airbnb investment with a projected -15.89% first-year return on $97,023 initial cash invested.

-15.89%

Cash On Cash

2.88%

Cap Rate

0.43

DSCR

$2,341

Rent

-$1,285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,341 income − $3,626 expenses = $1,285 out of pocket

Income$2,341Out of Pocket$1,285Mortgage P&I$2,09589%Property Taxes$27212%Insurance$1356%Management$35115%CapEx$944%Maintenance$944%Other$58525%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,023

Downpayment

20%

$75,260

Closing costs

1%

$3,763

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,341

Total Expenses

$3,626

Mortgage P&I

89%

$2,095

Property Taxes

12%

$272

Home Insurance

6%

$135

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$585

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