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6301 Evanston Court, Wilmington, NC 28412

3 beds • 2 baths • 1351 sqft

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This property looks like a bad Airbnb investment with a projected -11.78% first-year return on $95,868 initial cash invested.

-11.78%

Cash On Cash

3.25%

Cap Rate

0.54

DSCR

$2,220

Rent

-$941

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,220 income − $3,161 expenses = $941 out of pocket

Income$2,220Out of Pocket$941Mortgage P&I$1,85584%Property Taxes$1045%Insurance$1366%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

|

Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,868

Downpayment

20%

$74,160

Closing costs

1%

$3,708

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,220

Total Expenses

$3,161

Mortgage P&I

84%

$1,855

Property Taxes

5%

$104

Home Insurance

6%

$136

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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