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3001 Galena Chase Dr, Indian Trail, NC 28079

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Airbnb investment with a projected -12.86% first-year return on $103k initial cash invested.

-12.86%

Cash On Cash

2.92%

Cap Rate

0.5

DSCR

$2,488

Rent

-$1,101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $3,589 expenses = $1,101 out of pocket

Income$2,488Out of Pocket$1,101Mortgage P&I$1,98480%Property Taxes$2319%Insurance$1506%HOA$291%Management$37315%CapEx$1004%Maintenance$1004%Other$62225%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,720

Closing costs

1%

$4,036

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$3,589

Mortgage P&I

80%

$1,984

Property Taxes

9%

$231

Home Insurance

6%

$150

HOA

1%

$29

Property Management

15%

$373

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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