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1912 Parson St, Charlotte, NC 28205

3 beds • 3 baths • 1440 sqft

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This property looks like a bad Airbnb investment with a projected -18.8% first-year return on $148k initial cash invested.

-18.8%

Cash On Cash

2.32%

Cap Rate

0.35

DSCR

$3,299

Rent

-$2,317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,299 income − $5,616 expenses = $2,317 out of pocket

Income$3,299Out of Pocket$2,317Mortgage P&I$3,381102%Property Taxes$39712%Insurance$2548%Management$49515%CapEx$1324%Maintenance$1324%Other$82525%

Investment Breakdown

|

Purchase Price

$619k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,186

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,299

Total Expenses

$5,616

Mortgage P&I

102%

$3,381

Property Taxes

12%

$397

Home Insurance

8%

$254

HOA

0%

$0

Property Management

15%

$495

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$825

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