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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 -13.7% first-year return on $90,807 initial cash invested.

-13.7%

Cash On Cash

2.71%

Cap Rate

0.45

DSCR

$2,006

Rent

-$1,037

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,006

Total Expenses

$3,043

Mortgage P&I

87%

$1,739

Property Taxes

11%

$219

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$301

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$502

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