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2369 Glenwood St, Kannapolis, NC 28083

3 beds • 3 baths • 1856 sqft

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This property looks like a bad Airbnb investment with a projected -13.8% first-year return on $98,157 initial cash invested.

-13.8%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$2,229

Rent

-$1,129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $3,358 expenses = $1,129 out of pocket

Income$2,229Out of Pocket$1,129Mortgage P&I$1,91286%Property Taxes$24911%Insurance$1286%Management$33415%CapEx$894%Maintenance$894%Other$55725%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,157

Downpayment

20%

$76,340

Closing costs

1%

$3,817

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,229

Total Expenses

$3,358

Mortgage P&I

86%

$1,912

Property Taxes

11%

$249

Home Insurance

6%

$128

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$557

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