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21 Glen Meadows Rd, Arden, NC 28704

3 beds • 2 baths • 1190 sqft

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This property looks like a bad Airbnb investment with a projected -9.71% first-year return on $98,850 initial cash invested.

-9.71%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$2,661

Rent

-$800

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,661 income − $3,461 expenses = $800 out of pocket

Income$2,661Out of Pocket$800Mortgage P&I$1,92572%Property Taxes$1225%Insurance$1385%Management$39915%CapEx$1064%Maintenance$1064%Other$66525%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,661

Total Expenses

$3,461

Mortgage P&I

72%

$1,925

Property Taxes

5%

$122

Home Insurance

5%

$138

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$665

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