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3009 Winged Teal Ct, Belmont, NC 28012

3 beds • 3 baths • 2811 sqft

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This property looks like a bad Airbnb investment with a projected -16.69% first-year return on $148k initial cash invested.

-16.69%

Cash On Cash

2.32%

Cap Rate

0.38

DSCR

$3,491

Rent

-$2,061

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,491 income − $5,552 expenses = $2,061 out of pocket

Income$3,491Out of Pocket$2,061Mortgage P&I$3,11889%Property Taxes$42512%Insurance$2287%HOA$1043%Management$52415%CapEx$1404%Maintenance$1404%Other$87325%

Investment Breakdown

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Purchase Price

$620k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,199

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,491

Total Expenses

$5,552

Mortgage P&I

89%

$3,118

Property Taxes

12%

$425

Home Insurance

7%

$228

HOA

3%

$104

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$873

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