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2920 Glendale Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1056 sqft

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This property could be a profitable Airbnb investment with a projected 13.3% first-year return on $61,176 initial cash invested.

13.3%

Cash On Cash

10.54%

Cap Rate

1.83

DSCR

$3,543

Rent

$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$206k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,176

Downpayment

20%

$41,120

Closing costs

1%

$2,056

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,543

Total Expenses

$2,865

Mortgage P&I

28%

$986

Property Taxes

4%

$126

Home Insurance

1%

$52

HOA

0%

$0

Property Management

15%

$531

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$886

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Comparable Property

Rent

ADR

Beds

Baths

Distance

The Birch ~ Modern 3BR, Walk to DT Kannapolis

$3,995

$199

3

2.5

2.16 mi

The Briar ~ Sleek 3BR Near DT w/Outdoor Area

$3,995

$199

3

2.5

2.24 mi

Maine State Of Mind ~ Comfy Retreat ~ 0.5 to Ktown

$4,276

$213

3

2

1.4 mi

Betty The Bungalow ~ 1.5mi to DT Ktown

$4,156

$207

3

1.5

2.18 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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