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5424 Gristmill Ln, Mint Hill, NC 28227

3 beds • 3 baths • 2352 sqft

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This property looks like a bad Airbnb investment with a projected -11.63% first-year return on $113k initial cash invested.

-11.63%

Cash On Cash

3.62%

Cap Rate

0.59

DSCR

$3,166

Rent

-$1,090

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,166 income − $4,256 expenses = $1,090 out of pocket

Income$3,166Out of Pocket$1,090Mortgage P&I$2,32273%Property Taxes$2558%Insurance$1585%Management$47515%CapEx$1274%Maintenance$1274%Other$79225%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,166

Total Expenses

$4,256

Mortgage P&I

73%

$2,322

Property Taxes

8%

$255

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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