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7008 Linda Lake Dr, Charlotte, NC 28215

3 beds • 2 baths • 2558 sqft

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This property looks like a bad Airbnb investment with a projected -13.84% first-year return on $128k initial cash invested.

-13.84%

Cash On Cash

2.88%

Cap Rate

0.48

DSCR

$3,070

Rent

-$1,481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,070 income − $4,551 expenses = $1,481 out of pocket

Income$3,070Out of Pocket$1,481Mortgage P&I$2,62185%Property Taxes$2649%Insurance$1926%Management$46015%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$526k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,257

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,070

Total Expenses

$4,551

Mortgage P&I

85%

$2,621

Property Taxes

9%

$264

Home Insurance

6%

$192

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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