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219 Prospect Church Rd, Albemarle, NC 28001

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Airbnb investment with a projected -16% first-year return on $90,807 initial cash invested.

-16%

Cash On Cash

2.06%

Cap Rate

0.34

DSCR

$1,672

Rent

-$1,211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,672 income − $2,883 expenses = $1,211 out of pocket

Income$1,672Out of Pocket$1,211Mortgage P&I$1,739104%Property Taxes$21913%Insurance$1227%Management$25115%CapEx$674%Maintenance$674%Other$41825%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,807

Downpayment

20%

$69,340

Closing costs

1%

$3,467

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,672

Total Expenses

$2,883

Mortgage P&I

104%

$1,739

Property Taxes

13%

$219

Home Insurance

7%

$122

HOA

0%

$0

Property Management

15%

$251

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$418

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