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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 -17.06% first-year return on $144k initial cash invested.

-17.06%

Cash On Cash

2.08%

Cap Rate

0.35

DSCR

$2,989

Rent

-$2,041

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,989 income − $5,030 expenses = $2,041 out of pocket

Income$2,989Out of Pocket$2,041Mortgage P&I$2,95999%Property Taxes$37413%Insurance$2318%HOA$311%Management$44815%CapEx$1204%Maintenance$1204%Other$74725%

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

$2,989

Total Expenses

$5,030

Mortgage P&I

99%

$2,959

Property Taxes

13%

$374

Home Insurance

8%

$231

HOA

1%

$31

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$747

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