REI Lense

REI Lense

Unlock all features! Tap here to upgrade

518 Nixon Rd, Belmont, NC 28012

3 beds • 3 baths • 1852 sqft

Email

This property looks like a bad Airbnb investment with a projected -10.73% first-year return on $103k initial cash invested.

-10.73%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$3,052

Rent

-$922

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,052 income − $3,974 expenses = $922 out of pocket

Income$3,052Out of Pocket$922Mortgage P&I$2,00566%Property Taxes$29810%Insurance$1445%HOA$622%Management$45815%CapEx$1224%Maintenance$1224%Other$76325%

Investment Breakdown

|

Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,100

Closing costs

1%

$4,055

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,052

Total Expenses

$3,974

Mortgage P&I

66%

$2,005

Property Taxes

10%

$298

Home Insurance

5%

$144

HOA

2%

$62

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis