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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 -11.84% first-year return on $98,472 initial cash invested.

-11.84%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$2,791

Rent

-$972

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,791 income − $3,763 expenses = $972 out of pocket

Income$2,791Out of Pocket$972Mortgage P&I$1,92069%Property Taxes$34512%Insurance$1576%Management$41915%CapEx$1124%Maintenance$1124%Other$69825%

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

$2,791

Total Expenses

$3,763

Mortgage P&I

69%

$1,920

Property Taxes

12%

$345

Home Insurance

6%

$157

HOA

0%

$0

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

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