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646 Marigold Dr, Kannapolis, NC 28083

3 beds • 2 baths • 1527 sqft

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This property looks like a bad Airbnb investment with a projected -16.38% first-year return on $85,851 initial cash invested.

-16.38%

Cash On Cash

1.67%

Cap Rate

0.29

DSCR

$1,622

Rent

-$1,172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,622 income − $2,794 expenses = $1,172 out of pocket

Income$1,622Out of Pocket$1,172Mortgage P&I$1,55696%Property Taxes$34521%Insurance$1147%Management$24315%CapEx$654%Maintenance$654%Other$40625%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,851

Downpayment

20%

$64,620

Closing costs

1%

$3,231

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,622

Total Expenses

$2,794

Mortgage P&I

96%

$1,556

Property Taxes

21%

$345

Home Insurance

7%

$114

HOA

0%

$0

Property Management

15%

$243

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$406

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