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2909 Glendale Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1679 sqft

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This property might be a fair Airbnb investment with a projected 8.04% first-year return on $64,347 initial cash invested.

8.04%

Cash On Cash

9.27%

Cap Rate

1.5

DSCR

$3,481

Rent

$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,347

Downpayment

20%

$44,140

Closing costs

1%

$2,207

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,481

Total Expenses

$3,050

Mortgage P&I

33%

$1,134

Property Taxes

5%

$167

Home Insurance

2%

$79

HOA

0%

$0

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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