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29440 Nelson Mountain Rd, Albemarle, NC 28001

3 beds • 2 baths • 3623 sqft

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This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $197k initial cash invested.

-21.64%

Cash On Cash

1.08%

Cap Rate

0.18

DSCR

$2,560

Rent

-$3,543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,560 income − $6,103 expenses = $3,543 out of pocket

Income$2,560Out of Pocket$3,543Mortgage P&I$4,209164%Property Taxes$36814%Insurance$29812%Management$38415%CapEx$1024%Maintenance$1024%Other$64025%

Investment Breakdown

|

Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,560

Total Expenses

$6,103

Mortgage P&I

164%

$4,209

Property Taxes

14%

$368

Home Insurance

12%

$298

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$640

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