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3623 Wonderland Dr, Matthews, NC 28104

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Airbnb investment with a projected -8.78% first-year return on $95,532 initial cash invested.

-8.78%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$2,852

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,852 income − $3,551 expenses = $699 out of pocket

Income$2,852Out of Pocket$699Mortgage P&I$1,85165%Property Taxes$2007%Insurance$1315%Management$42815%CapEx$1144%Maintenance$1144%Other$71325%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,532

Downpayment

20%

$73,840

Closing costs

1%

$3,692

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,852

Total Expenses

$3,551

Mortgage P&I

65%

$1,851

Property Taxes

7%

$200

Home Insurance

5%

$131

HOA

0%

$0

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$713

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