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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 -14.26% first-year return on $105k initial cash invested.

-14.26%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$2,566

Rent

-$1,253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,566 income − $3,819 expenses = $1,253 out of pocket

Income$2,566Out of Pocket$1,253Mortgage P&I$2,08281%Property Taxes$33813%Insurance$1666%Management$38515%CapEx$1034%Maintenance$1034%Other$64225%

Investment Breakdown

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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

$2,566

Total Expenses

$3,819

Mortgage P&I

81%

$2,082

Property Taxes

13%

$338

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$642

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