REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2131 Harborway Drive, Wilmington, NC 28405

3 beds • 4 baths • 3175 sqft

$1,750,000

View on Zillow
Email

This property looks like a bad Airbnb investment with a projected -19.01% first-year return on $386k initial cash invested.

-19.01%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$8,150

Rent

-$6,108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,150 income − $14,258 expenses = $6,108 out of pocket

Income$8,150Out of Pocket$6,108Mortgage P&I$8,738107%Property Taxes$6498%Insurance$6128%HOA$3474%Management$1,22215%CapEx$3264%Maintenance$3264%Other$2,03825%

Investment Breakdown

|

Purchase Price

$1750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$386k

Downpayment

20%

$350k

Closing costs

1%

$17,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,150

Total Expenses

$14,258

Mortgage P&I

107%

$8,738

Property Taxes

8%

$649

Home Insurance

8%

$612

HOA

4%

$347

Property Management

15%

$1,222

CapEx

4%

$326

Vacancy

0%

$0

Maintenance

4%

$326

Other

25%

$2,038

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis