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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 -18.58% first-year return on $207k initial cash invested.

-18.58%

Cash On Cash

1.89%

Cap Rate

0.32

DSCR

$4,341

Rent

-$3,201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,341 income − $7,542 expenses = $3,201 out of pocket

Income$4,341Out of Pocket$3,201Mortgage P&I$4,444102%Property Taxes$53012%Insurance$3278%HOA$1574%Management$65115%CapEx$1744%Maintenance$1744%Other$1,08525%

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

$4,341

Total Expenses

$7,542

Mortgage P&I

102%

$4,444

Property Taxes

12%

$530

Home Insurance

8%

$327

HOA

4%

$157

Property Management

15%

$651

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,085

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