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5705 Foxcrest Dr, Mint Hill, NC 28227

3 beds • 2 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -9.06% first-year return on $115k initial cash invested.

-9.06%

Cash On Cash

4.12%

Cap Rate

0.69

DSCR

$3,590

Rent

-$868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $4,458 expenses = $868 out of pocket

Income$3,590Out of Pocket$868Mortgage P&I$2,31064%Property Taxes$2407%Insurance$1845%Management$53815%CapEx$1444%Maintenance$1444%Other$89825%

Investment Breakdown

|

Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,320

Closing costs

1%

$4,616

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$4,458

Mortgage P&I

64%

$2,310

Property Taxes

7%

$240

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$538

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$898

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