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32 Bowen Dr, Belmont, NC 28012

3 beds • 3 baths • 2301 sqft

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This property looks like a bad Airbnb investment with a projected -13.63% first-year return on $118k initial cash invested.

-13.63%

Cash On Cash

3.63%

Cap Rate

0.54

DSCR

$3,177

Rent

-$1,338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,177 income − $4,515 expenses = $1,338 out of pocket

Income$3,177Out of Pocket$1,338Mortgage P&I$2,64883%Property Taxes$1735%Insurance$1695%Management$47715%CapEx$1274%Maintenance$1274%Other$79425%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,080

Closing costs

1%

$4,754

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,177

Total Expenses

$4,515

Mortgage P&I

83%

$2,648

Property Taxes

5%

$173

Home Insurance

5%

$169

HOA

0%

$0

Property Management

15%

$477

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$794

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