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247 Lanyard Ln, Belmont, NC 28012

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Airbnb investment with a projected -21.58% first-year return on $195k initial cash invested.

-21.58%

Cash On Cash

1.24%

Cap Rate

0.21

DSCR

$3,415

Rent

-$3,511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,415 income − $6,926 expenses = $3,511 out of pocket

Income$3,415Out of Pocket$3,511Mortgage P&I$4,246124%Property Taxes$61418%Insurance$3019%HOA$1254%Management$51215%CapEx$1374%Maintenance$1374%Other$85425%

Investment Breakdown

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Purchase Price

$844k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$169k

Closing costs

1%

$8,440

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,415

Total Expenses

$6,926

Mortgage P&I

124%

$4,246

Property Taxes

18%

$614

Home Insurance

9%

$301

HOA

4%

$125

Property Management

15%

$512

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$854

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