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245 Mellon Rd, Belmont, NC 28012

3 beds • 2 baths • 1317 sqft

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This property looks like a bad Airbnb investment with a projected -3.89% first-year return on $91,584 initial cash invested.

-3.89%

Cash On Cash

5.38%

Cap Rate

0.91

DSCR

$3,434

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,584

Downpayment

20%

$70,080

Closing costs

1%

$3,504

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,434

Total Expenses

$3,731

Mortgage P&I

50%

$1,730

Property Taxes

7%

$232

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$858

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