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518 Nixon Rd, Belmont, NC 28012

3 beds • 3 baths • 1852 sqft

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This property looks like a bad Airbnb investment with a projected -7.88% first-year return on $103k initial cash invested.

-7.88%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$3,522

Rent

-$677

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,522 income − $4,199 expenses = $677 out of pocket

Income$3,522Out of Pocket$677Mortgage P&I$2,00557%Property Taxes$2988%Insurance$1444%HOA$622%Management$52815%CapEx$1414%Maintenance$1414%Other$88025%

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

$3,522

Total Expenses

$4,199

Mortgage P&I

57%

$2,005

Property Taxes

8%

$298

Home Insurance

4%

$144

HOA

2%

$62

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$880

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