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2601 E 5th St, Charlotte, NC 28204

3 beds • 2 baths • 2222 sqft

$1,340,000

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This property looks like a bad Airbnb investment with a projected -27.62% first-year return on $299k initial cash invested.

-27.62%

Cash On Cash

-0.01%

Cap Rate

0

DSCR

$2,438

Rent

-$6,892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$299k

Downpayment

20%

$268k

Closing costs

1%

$13,400

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$9,330

Mortgage P&I

278%

$6,783

Property Taxes

35%

$850

Home Insurance

22%

$525

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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