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17747 N Shore Cir, Cornelius, NC 28031

3 beds • 3 baths • 2356 sqft

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This property looks like a bad Airbnb investment with a projected -9.19% first-year return on $138k initial cash invested.

-9.19%

Cash On Cash

3.99%

Cap Rate

0.68

DSCR

$4,462

Rent

-$1,054

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,462 income − $5,516 expenses = $1,054 out of pocket

Income$4,462Out of Pocket$1,054Mortgage P&I$2,76962%Property Taxes$3237%Insurance$2004%HOA$832%Management$66915%CapEx$1784%Maintenance$1784%Other$1,11625%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,699

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,462

Total Expenses

$5,516

Mortgage P&I

62%

$2,769

Property Taxes

7%

$323

Home Insurance

4%

$200

HOA

2%

$83

Property Management

15%

$669

CapEx

4%

$178

Vacancy

0%

$0

Maintenance

4%

$178

Other

25%

$1,116

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