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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 -8.32% first-year return on $65,061 initial cash invested.

-8.32%

Cash On Cash

4.16%

Cap Rate

0.67

DSCR

$1,755

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,755 income − $2,206 expenses = $451 out of pocket

Income$1,755Out of Pocket$451Mortgage P&I$1,15766%Property Taxes$1287%Insurance$795%Management$26315%CapEx$704%Maintenance$704%Other$43925%

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

$1,755

Total Expenses

$2,206

Mortgage P&I

66%

$1,157

Property Taxes

7%

$128

Home Insurance

5%

$79

HOA

0%

$0

Property Management

15%

$263

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$439

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