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1419 Parkside Dr, Monroe, NC 28110

3 beds • 2 baths • 1318 sqft

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This property looks like a bad Airbnb investment with a projected -6.37% first-year return on $92,172 initial cash invested.

-6.37%

Cash On Cash

4.9%

Cap Rate

0.8

DSCR

$3,036

Rent

-$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,036 income − $3,525 expenses = $489 out of pocket

Income$3,036Out of Pocket$489Mortgage P&I$1,81160%Property Taxes$1324%Insurance$1264%Management$45515%CapEx$1214%Maintenance$1214%Other$75925%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,172

Downpayment

20%

$70,640

Closing costs

1%

$3,532

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,036

Total Expenses

$3,525

Mortgage P&I

60%

$1,811

Property Taxes

4%

$132

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$759

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