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2878 Millstone Dr, Gastonia, NC 28054

3 beds • 2 baths • 1163 sqft

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This property looks like a bad Airbnb investment with a projected -7.2% first-year return on $69,786 initial cash invested.

-7.2%

Cash On Cash

4.44%

Cap Rate

0.73

DSCR

$2,124

Rent

-$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,124 income − $2,543 expenses = $419 out of pocket

Income$2,124Out of Pocket$419Mortgage P&I$1,24659%Property Taxes$1889%Insurance$894%Management$31915%CapEx$854%Maintenance$854%Other$53125%

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,786

Downpayment

20%

$49,320

Closing costs

1%

$2,466

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,124

Total Expenses

$2,543

Mortgage P&I

59%

$1,246

Property Taxes

9%

$188

Home Insurance

4%

$89

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$531

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