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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 -11.69% first-year return on $96,078 initial cash invested.

-11.69%

Cash On Cash

3.3%

Cap Rate

0.55

DSCR

$2,589

Rent

-$936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $3,525 expenses = $936 out of pocket

Income$2,589Out of Pocket$936Mortgage P&I$1,85372%Property Taxes$29411%Insurance$1355%Management$38815%CapEx$1044%Maintenance$1044%Other$64725%

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

$2,589

Total Expenses

$3,525

Mortgage P&I

72%

$1,853

Property Taxes

11%

$294

Home Insurance

5%

$135

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$647

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