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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 -6.36% first-year return on $181k initial cash invested.

-6.36%

Cash On Cash

4.75%

Cap Rate

0.82

DSCR

$6,793

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$6,793

Total Expenses

$7,752

Mortgage P&I

55%

$3,758

Property Taxes

7%

$453

Home Insurance

4%

$280

HOA

0%

$0

Property Management

15%

$1,019

CapEx

4%

$272

Vacancy

0%

$0

Maintenance

4%

$272

Other

25%

$1,698

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