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1608 Russell Courtney Rd, Monroe, NC 28112

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Airbnb investment with a projected -2.73% first-year return on $86,250 initial cash invested.

-2.73%

Cash On Cash

5.76%

Cap Rate

0.95

DSCR

$3,041

Rent

-$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,041 income − $3,237 expenses = $196 out of pocket

Income$3,041Out of Pocket$196Mortgage P&I$1,63554%Property Taxes$281%Insurance$1144%Management$45615%CapEx$1224%Maintenance$1224%Other$76025%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,041

Total Expenses

$3,237

Mortgage P&I

54%

$1,635

Property Taxes

1%

$28

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$456

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$760

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