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1511 Rankin Street, Wilmington, NC 28401

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Airbnb investment with a projected -12.19% first-year return on $119k initial cash invested.

-12.19%

Cash On Cash

3.21%

Cap Rate

0.54

DSCR

$3,005

Rent

-$1,211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,420

Closing costs

1%

$4,821

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,005

Total Expenses

$4,216

Mortgage P&I

79%

$2,380

Property Taxes

7%

$219

Home Insurance

6%

$175

HOA

0%

$0

Property Management

15%

$451

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$751

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