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2640 Meadow Lark Ln, Gastonia, NC 28056

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Airbnb investment with a projected -0.33% first-year return on $73,020 initial cash invested.

-0.33%

Cash On Cash

6.31%

Cap Rate

1.08

DSCR

$2,959

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,020

Downpayment

20%

$52,400

Closing costs

1%

$2,620

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,959

Total Expenses

$2,979

Mortgage P&I

43%

$1,280

Property Taxes

6%

$187

Home Insurance

3%

$92

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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