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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 -4.22% first-year return on $70,290 initial cash invested.

-4.22%

Cash On Cash

5.53%

Cap Rate

0.88

DSCR

$2,426

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,426 income − $2,673 expenses = $247 out of pocket

Income$2,426Out of Pocket$247Mortgage P&I$1,29753%Property Taxes$1255%Insurance$874%Management$36415%CapEx$974%Maintenance$974%Other$60625%

Investment Breakdown

|

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

$2,426

Total Expenses

$2,673

Mortgage P&I

53%

$1,297

Property Taxes

5%

$125

Home Insurance

4%

$87

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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