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3800 Arvin Dr, Charlotte, NC 28269

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Airbnb investment with a projected -12.45% first-year return on $88,686 initial cash invested.

-12.45%

Cash On Cash

3%

Cap Rate

0.5

DSCR

$2,024

Rent

-$920

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,944 expenses = $920 out of pocket

Income$2,024Out of Pocket$920Mortgage P&I$1,68083%Property Taxes$1718%Insurance$1216%Management$30415%CapEx$814%Maintenance$814%Other$50625%

Investment Breakdown

|

Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,686

Downpayment

20%

$67,320

Closing costs

1%

$3,366

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,024

Total Expenses

$2,944

Mortgage P&I

83%

$1,680

Property Taxes

8%

$171

Home Insurance

6%

$121

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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