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341 Neill Ridge Rd, Matthews, NC 28105

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Airbnb investment with a projected -4.69% first-year return on $116k initial cash invested.

-4.69%

Cash On Cash

5.11%

Cap Rate

0.88

DSCR

$4,334

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,720

Closing costs

1%

$4,686

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,334

Total Expenses

$4,789

Mortgage P&I

53%

$2,279

Property Taxes

6%

$278

Home Insurance

4%

$152

HOA

0%

$0

Property Management

15%

$650

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,084

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