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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 -17.3% first-year return on $195k initial cash invested.

-17.3%

Cash On Cash

2.31%

Cap Rate

0.38

DSCR

$4,753

Rent

-$2,814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,753 income − $7,567 expenses = $2,814 out of pocket

Income$4,753Out of Pocket$2,814Mortgage P&I$4,24689%Property Taxes$61413%Insurance$3016%HOA$1253%Management$71315%CapEx$1904%Maintenance$1904%Other$1,18825%

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

$4,753

Total Expenses

$7,567

Mortgage P&I

89%

$4,246

Property Taxes

13%

$614

Home Insurance

6%

$301

HOA

3%

$125

Property Management

15%

$713

CapEx

4%

$190

Vacancy

0%

$0

Maintenance

4%

$190

Other

25%

$1,188

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