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2920 Noritake Trl, Albemarle, NC 28001

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Airbnb investment with a projected -12.02% first-year return on $96,078 initial cash invested.

-12.02%

Cash On Cash

3.2%

Cap Rate

0.54

DSCR

$2,536

Rent

-$962

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,536 income − $3,498 expenses = $962 out of pocket

Income$2,536Out of Pocket$962Mortgage P&I$1,85373%Property Taxes$29412%Insurance$1355%Management$38015%CapEx$1014%Maintenance$1014%Other$63425%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,078

Downpayment

20%

$74,360

Closing costs

1%

$3,718

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,536

Total Expenses

$3,498

Mortgage P&I

73%

$1,853

Property Taxes

12%

$294

Home Insurance

5%

$135

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$634

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