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205 Dornoch Dr, Matthews, NC 28104

3 beds • 2 baths • 2384 sqft

$1,166,200

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This property looks like a bad Airbnb investment with a projected -24.94% first-year return on $263k initial cash invested.

-24.94%

Cash On Cash

0.44%

Cap Rate

0.07

DSCR

$2,078

Rent

-$5,463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,078 income − $7,541 expenses = $5,463 out of pocket

Income$2,078Out of Pocket$5,463Mortgage P&I$5,803279%Property Taxes$32015%Insurance$42020%Management$31215%CapEx$834%Maintenance$834%Other$52025%

Investment Breakdown

|

Purchase Price

$1166k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$263k

Downpayment

20%

$233k

Closing costs

1%

$11,662

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,078

Total Expenses

$7,541

Mortgage P&I

279%

$5,803

Property Taxes

15%

$320

Home Insurance

20%

$420

HOA

0%

$0

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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