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21307 Island Forest Dr, Cornelius, NC 28031

3 beds • 3 baths • 2413 sqft

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This property looks like a bad Airbnb investment with a projected -13.79% first-year return on $181k initial cash invested.

-13.79%

Cash On Cash

2.88%

Cap Rate

0.5

DSCR

$4,634

Rent

-$2,080

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,634 income − $6,714 expenses = $2,080 out of pocket

Income$4,634Out of Pocket$2,080Mortgage P&I$3,75881%Property Taxes$45310%Insurance$2806%Management$69515%CapEx$1854%Maintenance$1854%Other$1,15825%

Investment Breakdown

|

Purchase Price

$776k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$155k

Closing costs

1%

$7,764

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,634

Total Expenses

$6,714

Mortgage P&I

81%

$3,758

Property Taxes

10%

$453

Home Insurance

6%

$280

HOA

0%

$0

Property Management

15%

$695

CapEx

4%

$185

Vacancy

0%

$0

Maintenance

4%

$185

Other

25%

$1,158

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