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17120 Players Ridge Dr, Cornelius, NC 28031

3 beds • 3 baths • 2456 sqft

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This property looks like a bad Airbnb investment with a projected -18.29% first-year return on $207k initial cash invested.

-18.29%

Cash On Cash

1.96%

Cap Rate

0.33

DSCR

$4,434

Rent

-$3,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,434 income − $7,585 expenses = $3,151 out of pocket

Income$4,434Out of Pocket$3,151Mortgage P&I$4,444100%Property Taxes$53012%Insurance$3277%HOA$1574%Management$66515%CapEx$1774%Maintenance$1774%Other$1,10825%

Investment Breakdown

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Purchase Price

$899k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$8,987

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,434

Total Expenses

$7,585

Mortgage P&I

100%

$4,444

Property Taxes

12%

$530

Home Insurance

7%

$327

HOA

4%

$157

Property Management

15%

$665

CapEx

4%

$177

Vacancy

0%

$0

Maintenance

4%

$177

Other

25%

$1,108

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