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2909 Belmont Cir, Sanford, NC 27332

3 beds • 2 baths • 2819 sqft

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This property looks like a bad Airbnb investment with a projected -5.63% first-year return on $90,429 initial cash invested.

-5.63%

Cash On Cash

5.02%

Cap Rate

0.83

DSCR

$3,144

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,144 income − $3,568 expenses = $424 out of pocket

Income$3,144Out of Pocket$424Mortgage P&I$1,74255%Property Taxes$1946%Insurance$1224%Management$47215%CapEx$1264%Maintenance$1264%Other$78625%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,144

Total Expenses

$3,568

Mortgage P&I

55%

$1,742

Property Taxes

6%

$194

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$472

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$786

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