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510 Grace Church Ln, Belmont, NC 28012

3 beds • 2 baths • 1522 sqft

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This property looks like a bad Airbnb investment with a projected -5.52% first-year return on $94,293 initial cash invested.

-5.52%

Cash On Cash

4.92%

Cap Rate

0.83

DSCR

$3,235

Rent

-$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,235 income − $3,669 expenses = $434 out of pocket

Income$3,235Out of Pocket$434Mortgage P&I$1,79555%Property Taxes$1866%Insurance$1364%Management$48515%CapEx$1294%Maintenance$1294%Other$80925%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,293

Downpayment

20%

$72,660

Closing costs

1%

$3,633

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,235

Total Expenses

$3,669

Mortgage P&I

55%

$1,795

Property Taxes

6%

$186

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$485

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$809

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