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587 Marigold Dr, Kannapolis, NC 28083

3 beds • 3 baths • 2095 sqft

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This property looks like a bad Airbnb investment with a projected -17.55% first-year return on $98,472 initial cash invested.

-17.55%

Cash On Cash

1.74%

Cap Rate

0.29

DSCR

$1,887

Rent

-$1,440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $3,327 expenses = $1,440 out of pocket

Income$1,887Out of Pocket$1,440Mortgage P&I$1,920102%Property Taxes$34518%Insurance$1578%Management$28315%CapEx$754%Maintenance$754%Other$47225%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,887

Total Expenses

$3,327

Mortgage P&I

102%

$1,920

Property Taxes

18%

$345

Home Insurance

8%

$157

HOA

0%

$0

Property Management

15%

$283

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$472

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