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280 Portrait Way, Indian Trail, NC 28079

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Airbnb investment with a projected -17.63% first-year return on $115k initial cash invested.

-17.63%

Cash On Cash

1.65%

Cap Rate

0.28

DSCR

$2,455

Rent

-$1,684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,455 income − $4,139 expenses = $1,684 out of pocket

Income$2,455Out of Pocket$1,684Mortgage P&I$2,21890%Property Taxes$27211%Insurance$1617%HOA$31013%Management$36815%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,000

Closing costs

1%

$4,600

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,455

Total Expenses

$4,139

Mortgage P&I

90%

$2,218

Property Taxes

11%

$272

Home Insurance

7%

$161

HOA

13%

$310

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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