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2526 Goldmine Rd, Monroe, NC 28110

3 beds • 2 baths • 2574 sqft

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This property looks like a bad Airbnb investment with a projected -9.92% first-year return on $113k initial cash invested.

-9.92%

Cash On Cash

3.75%

Cap Rate

0.64

DSCR

$3,345

Rent

-$930

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,345

Total Expenses

$4,275

Mortgage P&I

66%

$2,201

Property Taxes

9%

$310

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$502

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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