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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 -4.7% first-year return on $94,293 initial cash invested.

-4.7%

Cash On Cash

5.16%

Cap Rate

0.87

DSCR

$3,363

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,363 income − $3,732 expenses = $369 out of pocket

Income$3,363Out of Pocket$369Mortgage P&I$1,79553%Property Taxes$1866%Insurance$1364%Management$50415%CapEx$1354%Maintenance$1354%Other$84125%

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

$3,363

Total Expenses

$3,732

Mortgage P&I

53%

$1,795

Property Taxes

6%

$186

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$504

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$841

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