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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 -16.93% first-year return on $144k initial cash invested.

-16.93%

Cash On Cash

2.12%

Cap Rate

0.36

DSCR

$3,019

Rent

-$2,026

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,019 income − $5,045 expenses = $2,026 out of pocket

Income$3,019Out of Pocket$2,026Mortgage P&I$2,95998%Property Taxes$37412%Insurance$2318%HOA$311%Management$45315%CapEx$1214%Maintenance$1214%Other$75525%

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

$3,019

Total Expenses

$5,045

Mortgage P&I

98%

$2,959

Property Taxes

12%

$374

Home Insurance

8%

$231

HOA

1%

$31

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$755

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