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3228 Barfield Dr, Charlotte, NC 28217

3 beds • 2 baths • 1054 sqft

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This property looks like a bad Airbnb investment with a projected -10.01% first-year return on $91,983 initial cash invested.

-10.01%

Cash On Cash

4.35%

Cap Rate

0.66

DSCR

$2,871

Rent

-$767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,871 income − $3,638 expenses = $767 out of pocket

Income$2,871Out of Pocket$767Mortgage P&I$1,92967%Property Taxes$2047%Insurance$1264%Management$43115%CapEx$1154%Maintenance$1154%Other$71825%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,983

Downpayment

20%

$70,460

Closing costs

1%

$3,523

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,871

Total Expenses

$3,638

Mortgage P&I

67%

$1,929

Property Taxes

7%

$204

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$431

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$718

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