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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 -15.23% first-year return on $115k initial cash invested.

-15.23%

Cash On Cash

2.3%

Cap Rate

0.4

DSCR

$2,898

Rent

-$1,454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,898

Total Expenses

$4,352

Mortgage P&I

77%

$2,218

Property Taxes

9%

$272

Home Insurance

6%

$161

HOA

11%

$310

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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