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233 Salt Cedar Ln, Chapel Hill, NC 27516

3 beds • 3 baths • 2132 sqft

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This property looks like a bad Airbnb investment with a projected -12.8% first-year return on $129k initial cash invested.

-12.8%

Cash On Cash

3.2%

Cap Rate

0.53

DSCR

$3,803

Rent

-$1,377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,803 income − $5,180 expenses = $1,377 out of pocket

Income$3,803Out of Pocket$1,377Mortgage P&I$2,63469%Property Taxes$3289%Insurance$1925%HOA$2015%Management$57015%CapEx$1524%Maintenance$1524%Other$95125%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,292

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,803

Total Expenses

$5,180

Mortgage P&I

69%

$2,634

Property Taxes

9%

$328

Home Insurance

5%

$192

HOA

5%

$201

Property Management

15%

$570

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$951

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