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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 -10.03% first-year return on $113k initial cash invested.

-10.03%

Cash On Cash

3.72%

Cap Rate

0.63

DSCR

$3,325

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,325 income − $4,265 expenses = $940 out of pocket

Income$3,325Out of Pocket$940Mortgage P&I$2,20166%Property Taxes$3109%Insurance$1585%Management$49915%CapEx$1334%Maintenance$1334%Other$83125%

Investment Breakdown

|

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

$3,325

Total Expenses

$4,265

Mortgage P&I

66%

$2,201

Property Taxes

9%

$310

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$499

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$831

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