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2005 Gathering Pl, Kannapolis, NC 28081

3 beds • 3 baths • 2635 sqft

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This property looks like a bad Airbnb investment with a projected -17.98% first-year return on $157k initial cash invested.

-17.98%

Cash On Cash

1.68%

Cap Rate

0.29

DSCR

$2,913

Rent

-$2,346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$660k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$132k

Closing costs

1%

$6,600

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,913

Total Expenses

$5,259

Mortgage P&I

108%

$3,151

Property Taxes

16%

$461

Home Insurance

8%

$231

HOA

1%

$17

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$728

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