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2131 Harborway Drive, Wilmington, NC 28405

3 beds • 4 baths • 3175 sqft

$1,750,000

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This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $386k initial cash invested.

-19.5%

Cash On Cash

1.91%

Cap Rate

0.32

DSCR

$7,852

Rent

-$6,263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,852 income − $14,115 expenses = $6,263 out of pocket

Income$7,852Out of Pocket$6,263Mortgage P&I$8,738111%Property Taxes$6498%Insurance$6128%HOA$3474%Management$1,17815%CapEx$3144%Maintenance$3144%Other$1,96325%

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

$7,852

Total Expenses

$14,115

Mortgage P&I

111%

$8,738

Property Taxes

8%

$649

Home Insurance

8%

$612

HOA

4%

$347

Property Management

15%

$1,178

CapEx

4%

$314

Vacancy

0%

$0

Maintenance

4%

$314

Other

25%

$1,963

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