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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 -17.48% first-year return on $148k initial cash invested.

-17.48%

Cash On Cash

2.11%

Cap Rate

0.35

DSCR

$3,300

Rent

-$2,159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,300 income − $5,459 expenses = $2,159 out of pocket

Income$3,300Out of Pocket$2,159Mortgage P&I$3,11894%Property Taxes$42513%Insurance$2287%HOA$1043%Management$49515%CapEx$1324%Maintenance$1324%Other$82525%

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

$3,300

Total Expenses

$5,459

Mortgage P&I

94%

$3,118

Property Taxes

13%

$425

Home Insurance

7%

$228

HOA

3%

$104

Property Management

15%

$495

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$825

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