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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 -18.08% first-year return on $196k initial cash invested.

-18.08%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$3,341

Rent

-$2,957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,341 income − $6,298 expenses = $2,957 out of pocket

Income$3,341Out of Pocket$2,957Mortgage P&I$4,226126%Property Taxes$1715%Insurance$2979%Management$50115%CapEx$1344%Maintenance$1344%Other$83525%

Investment Breakdown

|

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

$3,341

Total Expenses

$6,298

Mortgage P&I

126%

$4,226

Property Taxes

5%

$171

Home Insurance

9%

$297

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$835

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