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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 -14.43% first-year return on $90,807 initial cash invested.

-14.43%

Cash On Cash

2.5%

Cap Rate

0.42

DSCR

$1,900

Rent

-$1,092

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $2,992 expenses = $1,092 out of pocket

Income$1,900Out of Pocket$1,092Mortgage P&I$1,73992%Property Taxes$21912%Insurance$1226%Management$28515%CapEx$764%Maintenance$764%Other$47525%

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

$1,900

Total Expenses

$2,992

Mortgage P&I

92%

$1,739

Property Taxes

12%

$219

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$285

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$475

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