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3519 Kirby Smith Drive, Wilmington, NC 28409

3 beds • 2 baths • 1742 sqft

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This property looks like a bad Airbnb investment with a projected -10.88% first-year return on $126k initial cash invested.

-10.88%

Cash On Cash

3.87%

Cap Rate

0.63

DSCR

$3,674

Rent

-$1,144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,674 income − $4,818 expenses = $1,144 out of pocket

Income$3,674Out of Pocket$1,144Mortgage P&I$2,66072%Property Taxes$2156%Insurance$1805%Management$55115%CapEx$1474%Maintenance$1474%Other$91825%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,674

Total Expenses

$4,818

Mortgage P&I

72%

$2,660

Property Taxes

6%

$215

Home Insurance

5%

$180

HOA

0%

$0

Property Management

15%

$551

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$918

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