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2527 Heathershire Ln, Matthews, NC 28105

3 beds • 3 baths • 1664 sqft

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This property looks like a bad Airbnb investment with a projected -6.72% first-year return on $107k initial cash invested.

-6.72%

Cash On Cash

4.9%

Cap Rate

0.79

DSCR

$3,780

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,780 income − $4,377 expenses = $597 out of pocket

Income$3,780Out of Pocket$597Mortgage P&I$2,16957%Property Taxes$2446%Insurance$1504%Management$56715%CapEx$1514%Maintenance$1514%Other$94525%

Investment Breakdown

|

Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,460

Closing costs

1%

$4,223

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,780

Total Expenses

$4,377

Mortgage P&I

57%

$2,169

Property Taxes

6%

$244

Home Insurance

4%

$150

HOA

0%

$0

Property Management

15%

$567

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$945

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