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3623 Hayden Dr, Charlotte, NC 28269

3 beds • 3 baths • 2308 sqft

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This property looks like a bad Airbnb investment with a projected -11.94% first-year return on $113k initial cash invested.

-11.94%

Cash On Cash

3.34%

Cap Rate

0.56

DSCR

$2,960

Rent

-$1,122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,960 income − $4,082 expenses = $1,122 out of pocket

Income$2,960Out of Pocket$1,122Mortgage P&I$2,25876%Property Taxes$2438%Insurance$1615%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

|

Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,240

Closing costs

1%

$4,512

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,960

Total Expenses

$4,082

Mortgage P&I

76%

$2,258

Property Taxes

8%

$243

Home Insurance

5%

$161

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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