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3307 Southern Ginger Dr, Indian Trail, NC 28079

3 beds • 2 baths • 1207 sqft

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This property looks like a bad Airbnb investment with a projected -12.39% first-year return on $87,972 initial cash invested.

-12.39%

Cash On Cash

2.85%

Cap Rate

0.49

DSCR

$2,040

Rent

-$908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,040 income − $2,948 expenses = $908 out of pocket

Income$2,040Out of Pocket$908Mortgage P&I$1,61779%Property Taxes$19810%Insurance$1357%HOA$181%Management$30615%CapEx$824%Maintenance$824%Other$51025%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,972

Downpayment

20%

$66,640

Closing costs

1%

$3,332

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,040

Total Expenses

$2,948

Mortgage P&I

79%

$1,617

Property Taxes

10%

$198

Home Insurance

7%

$135

HOA

1%

$18

Property Management

15%

$306

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$510

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