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5000 Kerr Ln, Charlotte, NC 28216

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Airbnb investment with a projected -8.12% first-year return on $91,479 initial cash invested.

-8.12%

Cash On Cash

4.16%

Cap Rate

0.7

DSCR

$2,738

Rent

-$619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,738

Total Expenses

$3,357

Mortgage P&I

63%

$1,722

Property Taxes

7%

$198

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$684

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