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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 -14.27% first-year return on $98,157 initial cash invested.

-14.27%

Cash On Cash

2.61%

Cap Rate

0.43

DSCR

$2,158

Rent

-$1,167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,158 income − $3,325 expenses = $1,167 out of pocket

Income$2,158Out of Pocket$1,167Mortgage P&I$1,91289%Property Taxes$24912%Insurance$1286%Management$32415%CapEx$864%Maintenance$864%Other$54025%

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

$2,158

Total Expenses

$3,325

Mortgage P&I

89%

$1,912

Property Taxes

12%

$249

Home Insurance

6%

$128

HOA

0%

$0

Property Management

15%

$324

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$540

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