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4460 Mullis Rd, Kannapolis, NC 28083

3 beds • 2 baths • 1651 sqft

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This property looks like a bad Airbnb investment with a projected -16.69% first-year return on $110k initial cash invested.

-16.69%

Cash On Cash

1.74%

Cap Rate

0.3

DSCR

$1,704

Rent

-$1,533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,820

Closing costs

1%

$4,391

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,704

Total Expenses

$3,237

Mortgage P&I

123%

$2,100

Property Taxes

10%

$162

Home Insurance

9%

$157

HOA

0%

$0

Property Management

15%

$256

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$426

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