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507 N 5th Avenue, Wilmington, NC 28401

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Airbnb investment with a projected -12.24% first-year return on $112k initial cash invested.

-12.24%

Cash On Cash

3.35%

Cap Rate

0.55

DSCR

$2,887

Rent

-$1,141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,887 income − $4,028 expenses = $1,141 out of pocket

Income$2,887Out of Pocket$1,141Mortgage P&I$2,27479%Property Taxes$1947%Insurance$1756%Management$43315%CapEx$1154%Maintenance$1154%Other$72225%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,380

Closing costs

1%

$4,469

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,887

Total Expenses

$4,028

Mortgage P&I

79%

$2,274

Property Taxes

7%

$194

Home Insurance

6%

$175

HOA

0%

$0

Property Management

15%

$433

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$722

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