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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 -16.18% first-year return on $146k initial cash invested.

-16.18%

Cash On Cash

2.4%

Cap Rate

0.4

DSCR

$3,580

Rent

-$1,975

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,580 income − $5,555 expenses = $1,975 out of pocket

Income$3,580Out of Pocket$1,975Mortgage P&I$3,05585%Property Taxes$46213%Insurance$2196%HOA$1013%Management$53715%CapEx$1434%Maintenance$1434%Other$89525%

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

$3,580

Total Expenses

$5,555

Mortgage P&I

85%

$3,055

Property Taxes

13%

$462

Home Insurance

6%

$219

HOA

3%

$101

Property Management

15%

$537

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$895

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