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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 -11.9% first-year return on $115k initial cash invested.

-11.9%

Cash On Cash

3.36%

Cap Rate

0.56

DSCR

$3,067

Rent

-$1,140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,067 income − $4,207 expenses = $1,140 out of pocket

Income$3,067Out of Pocket$1,140Mortgage P&I$2,31075%Property Taxes$2408%Insurance$1846%Management$46015%CapEx$1234%Maintenance$1234%Other$76725%

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

$3,067

Total Expenses

$4,207

Mortgage P&I

75%

$2,310

Property Taxes

8%

$240

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$767

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