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3804 Secrest Short Cut Rd, Monroe, NC 28110

3 beds • 3 baths • 2341 sqft

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This property looks like a bad Airbnb investment with a projected -13.4% first-year return on $105k initial cash invested.

-13.4%

Cash On Cash

2.92%

Cap Rate

0.49

DSCR

$2,706

Rent

-$1,178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $3,884 expenses = $1,178 out of pocket

Income$2,706Out of Pocket$1,178Mortgage P&I$2,08277%Property Taxes$33812%Insurance$1666%Management$40615%CapEx$1084%Maintenance$1084%Other$67625%

Investment Breakdown

|

Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,300

Closing costs

1%

$4,165

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,706

Total Expenses

$3,884

Mortgage P&I

77%

$2,082

Property Taxes

12%

$338

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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