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7008 Brookgreen Ter, Matthews, NC 28104

3 beds • 3 baths • 1591 sqft

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This property looks like a bad Airbnb investment with a projected -14.34% first-year return on $101k initial cash invested.

-14.34%

Cash On Cash

2.57%

Cap Rate

0.43

DSCR

$2,216

Rent

-$1,208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $3,424 expenses = $1,208 out of pocket

Income$2,216Out of Pocket$1,208Mortgage P&I$1,96789%Property Taxes$1969%Insurance$1406%HOA$573%Management$33215%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,100

Closing costs

1%

$3,955

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,216

Total Expenses

$3,424

Mortgage P&I

89%

$1,967

Property Taxes

9%

$196

Home Insurance

6%

$140

HOA

3%

$57

Property Management

15%

$332

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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