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3130 Faith Rd, Salisbury, NC 28146

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Airbnb investment with a projected -2.32% first-year return on $70,290 initial cash invested.

-2.32%

Cash On Cash

6.11%

Cap Rate

0.98

DSCR

$2,641

Rent

-$136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,641

Total Expenses

$2,777

Mortgage P&I

49%

$1,297

Property Taxes

5%

$125

Home Insurance

3%

$87

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$660

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