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2255 Falmouth Rd, Charlotte, NC 28205

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Airbnb investment with a projected -12.2% first-year return on $112k initial cash invested.

-12.2%

Cash On Cash

3.33%

Cap Rate

0.55

DSCR

$2,990

Rent

-$1,141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,990 income − $4,131 expenses = $1,141 out of pocket

Income$2,990Out of Pocket$1,141Mortgage P&I$2,26476%Property Taxes$2689%Insurance$1635%Management$44815%CapEx$1204%Maintenance$1204%Other$74825%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,720

Closing costs

1%

$4,486

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,990

Total Expenses

$4,131

Mortgage P&I

76%

$2,264

Property Taxes

9%

$268

Home Insurance

5%

$163

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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