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723 Walnut Point Dr, Matthews, NC 28105

3 beds • 3 baths • 2659 sqft

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This property looks like a bad Airbnb investment with a projected -16.86% first-year return on $144k initial cash invested.

-16.86%

Cash On Cash

2.13%

Cap Rate

0.36

DSCR

$3,033

Rent

-$2,017

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $5,050 expenses = $2,017 out of pocket

Income$3,033Out of Pocket$2,017Mortgage P&I$2,95998%Property Taxes$37412%Insurance$2318%HOA$311%Management$45515%CapEx$1214%Maintenance$1214%Other$75825%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,033

Total Expenses

$5,050

Mortgage P&I

98%

$2,959

Property Taxes

12%

$374

Home Insurance

8%

$231

HOA

1%

$31

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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