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3444 Cosby Pl, Charlotte, NC 28205

4 beds • 3 baths • 2781 sqft

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This property looks like a bad Airbnb investment with a projected -18.81% first-year return on $233k initial cash invested.

-18.81%

Cash On Cash

1.24%

Cap Rate

0.23

DSCR

$3,534

Rent

-$3,649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$994k

Downpayment

20.0%

Interest Rate

5.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$233k

Downpayment

20%

$199k

Closing costs

1%

$9,941

Rehab

0%

$0

Furnishing

2%

$24,000

Cashflow

Total Income

$3,534

Total Expenses

$7,183

Mortgage P&I

128%

$4,536

Property Taxes

16%

$581

Home Insurance

10%

$359

HOA

0%

$11

Property Management

15%

$530

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$884

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Comparable Property

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ADR

Beds

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2

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0.9 mi

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5

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2

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0.9 mi

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5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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