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512 Queen Street, Wilmington, NC 28401

3 beds • 3 baths • 2283 sqft

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This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $196k initial cash invested.

-18.17%

Cash On Cash

1.96%

Cap Rate

0.33

DSCR

$3,313

Rent

-$2,972

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,313 income − $6,285 expenses = $2,972 out of pocket

Income$3,313Out of Pocket$2,972Mortgage P&I$4,226128%Property Taxes$1715%Insurance$2979%Management$49715%CapEx$1334%Maintenance$1334%Other$82825%

Investment Breakdown

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Purchase Price

$849k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,490

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,313

Total Expenses

$6,285

Mortgage P&I

128%

$4,226

Property Taxes

5%

$171

Home Insurance

9%

$297

HOA

0%

$0

Property Management

15%

$497

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$828

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