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2145 Lexington St, Belmont, NC 28012

3 beds • 3 baths • 2475 sqft

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This property looks like a bad Airbnb investment with a projected -20.89% first-year return on $146k initial cash invested.

-20.89%

Cash On Cash

1.19%

Cap Rate

0.2

DSCR

$2,478

Rent

-$2,549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,478 income − $5,027 expenses = $2,549 out of pocket

Income$2,478Out of Pocket$2,549Mortgage P&I$3,055123%Property Taxes$46219%Insurance$2199%HOA$1014%Management$37215%CapEx$994%Maintenance$994%Other$62025%

Investment Breakdown

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Purchase Price

$612k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,117

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,478

Total Expenses

$5,027

Mortgage P&I

123%

$3,055

Property Taxes

19%

$462

Home Insurance

9%

$219

HOA

4%

$101

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$620

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