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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 -10.25% first-year return on $95,532 initial cash invested.

-10.25%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,626

Rent

-$816

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,626 income − $3,442 expenses = $816 out of pocket

Income$2,626Out of Pocket$816Mortgage P&I$1,85170%Property Taxes$2008%Insurance$1315%Management$39415%CapEx$1054%Maintenance$1054%Other$65625%

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

$2,626

Total Expenses

$3,442

Mortgage P&I

70%

$1,851

Property Taxes

8%

$200

Home Insurance

5%

$131

HOA

0%

$0

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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