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2030 S Point Rd, Belmont, NC 28012

3 beds • 2 baths • 1871 sqft

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This property looks like a bad Airbnb investment with a projected -2.84% first-year return on $99,606 initial cash invested.

-2.84%

Cash On Cash

5.68%

Cap Rate

0.96

DSCR

$3,912

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,912 income − $4,148 expenses = $236 out of pocket

Income$3,912Out of Pocket$236Mortgage P&I$1,91849%Property Taxes$2045%Insurance$1494%Management$58715%CapEx$1564%Maintenance$1564%Other$97825%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,912

Total Expenses

$4,148

Mortgage P&I

49%

$1,918

Property Taxes

5%

$204

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$587

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$978

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