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199 Austin Run Ct, Kannapolis, NC 28083

3 beds • 2 baths • 1556 sqft

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This property looks like a bad Airbnb investment with a projected -8.02% first-year return on $89,673 initial cash invested.

-8.02%

Cash On Cash

4.07%

Cap Rate

0.7

DSCR

$2,854

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,854

Total Expenses

$3,453

Mortgage P&I

58%

$1,643

Property Taxes

11%

$309

Home Insurance

4%

$121

HOA

0%

$10

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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