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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 -21.61% first-year return on $197k initial cash invested.

-21.61%

Cash On Cash

1.09%

Cap Rate

0.18

DSCR

$2,571

Rent

-$3,539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,571 income − $6,110 expenses = $3,539 out of pocket

Income$2,571Out of Pocket$3,539Mortgage P&I$4,209164%Property Taxes$36814%Insurance$29812%Management$38615%CapEx$1034%Maintenance$1034%Other$64325%

Investment Breakdown

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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

$2,571

Total Expenses

$6,110

Mortgage P&I

164%

$4,209

Property Taxes

14%

$368

Home Insurance

12%

$298

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$643

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