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7313 Sugar Sand Lane, Wilmington, NC 28412

3 beds • 3 baths • 2815 sqft

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This property looks like a bad Airbnb investment with a projected -13.37% first-year return on $136k initial cash invested.

-13.37%

Cash On Cash

2.93%

Cap Rate

0.5

DSCR

$3,185

Rent

-$1,515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$562k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$112k

Closing costs

1%

$5,620

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,185

Total Expenses

$4,700

Mortgage P&I

87%

$2,759

Property Taxes

6%

$177

Home Insurance

6%

$201

HOA

1%

$35

Property Management

15%

$478

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$796

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Comparable Property

Rent

ADR

Beds

Baths

Distance

1/2 Acre Fenced In Private Oasis

$6,210

$352

3

2

1.94 mi

Minutes from Wilmington Beaches, Downtown, UNCW

$3,228

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3

2.5

2.14 mi

Ocean Tides - Near Carolina Beach Boardwalk

$3,775

$214

3

2

0.71 mi

Beach-a-Holic Getaway! Free Bikes + Garage Parking

$4,269

$242

3

2

0.81 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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