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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 -8.29% first-year return on $85,851 initial cash invested.

-8.29%

Cash On Cash

3.98%

Cap Rate

0.69

DSCR

$2,733

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,733 income − $3,326 expenses = $593 out of pocket

Income$2,733Out of Pocket$593Mortgage P&I$1,55657%Property Taxes$34513%Insurance$1144%Management$41015%CapEx$1094%Maintenance$1094%Other$68325%

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

$2,733

Total Expenses

$3,326

Mortgage P&I

57%

$1,556

Property Taxes

13%

$345

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$410

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$683

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