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606 Townsend Ave, Gastonia, NC 28052

3 beds • 2 baths • 2025 sqft

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This property looks like a bad Airbnb investment with a projected -6.06% first-year return on $91,500 initial cash invested.

-6.06%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$3,125

Rent

-$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,125 income − $3,587 expenses = $462 out of pocket

Income$3,125Out of Pocket$462Mortgage P&I$1,75156%Property Taxes$2147%Insurance$1224%Management$46915%CapEx$1254%Maintenance$1254%Other$78125%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,125

Total Expenses

$3,587

Mortgage P&I

56%

$1,751

Property Taxes

7%

$214

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$469

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$781

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