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6911 Birdsong Ln, Waxhaw, NC 28173

3 beds • 2 baths • 1506 sqft

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This property looks like a bad Airbnb investment with a projected -10.08% first-year return on $100k initial cash invested.

-10.08%

Cash On Cash

3.65%

Cap Rate

0.62

DSCR

$2,474

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,474 income − $3,317 expenses = $843 out of pocket

Income$2,474Out of Pocket$843Mortgage P&I$1,93778%Property Taxes$673%Insurance$1265%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,480

Closing costs

1%

$3,924

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,474

Total Expenses

$3,317

Mortgage P&I

78%

$1,937

Property Taxes

3%

$67

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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