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3218 Pelligrini Ave, Hope Mills, NC 28348

3 beds • 2 baths • 1359 sqft

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This property looks like a bad Airbnb investment with a projected -2.69% first-year return on $65,061 initial cash invested.

-2.69%

Cash On Cash

5.92%

Cap Rate

0.96

DSCR

$2,343

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,343 income − $2,489 expenses = $146 out of pocket

Income$2,343Out of Pocket$146Mortgage P&I$1,15749%Property Taxes$1285%Insurance$793%Management$35115%CapEx$944%Maintenance$944%Other$58625%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,061

Downpayment

20%

$44,820

Closing costs

1%

$2,241

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,343

Total Expenses

$2,489

Mortgage P&I

49%

$1,157

Property Taxes

5%

$128

Home Insurance

3%

$79

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$586

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