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701 Denning Pl, Charlotte, NC 28227

3 beds • 3 baths • 1653 sqft

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This property looks like a bad Airbnb investment with a projected -10.54% first-year return on $89,736 initial cash invested.

-10.54%

Cash On Cash

4.18%

Cap Rate

0.64

DSCR

$2,689

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $3,477 expenses = $788 out of pocket

Income$2,689Out of Pocket$788Mortgage P&I$1,87170%Property Taxes$1987%Insurance$1174%Management$40315%CapEx$1084%Maintenance$1084%Other$67225%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,689

Total Expenses

$3,477

Mortgage P&I

70%

$1,871

Property Taxes

7%

$198

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$403

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$672

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