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2224/2226 Augusta St, Charlotte, NC 28216
6 beds • 2 baths • 1625 sqft • 2 units
$334,000
View on ZillowThis property might be a fair Airbnb investment with a projected 5.46% first-year return on $106k initial cash invested.
5.46%
Cash On Cash
8.36%
Cap Rate
1.41
DSCR
$4,702
Rent
$483
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,702 income − $4,219 expenses = $483 cash flow
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$66,800
Closing costs
1%
$3,340
Rehab
0%
$0
Furnishing
11%
$36,000
Cashflow
Total Income
$4,702
Total Expenses
$4,219
Mortgage P&I
35%
$1,656
Property Taxes
4%
$189
Home Insurance
2%
$117
HOA
0%
$0
Property Management
15%
$705
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,176
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Spacious 3 Bedroom Home 10 minutes from Uptown! | $3,392 | $177 | 3 | 1 | 0.53 mi |
The Queen's Charm | $2,874 | $150 | 3 | 1 | 0.6 mi |
Lux Velvet| 8 mins from Downtown| Large Backyard | $3,009 | $157 | 3 | 1 | 0.65 mi |
Charlotte Brick Bungalow – Skyline views of Uptown | $1,380 | $72 | 3 | 1 | 0.68 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality