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7441 Riding Trail Rd, Charlotte, NC 28212

3 beds • 2 baths • 1809 sqft

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This property looks like a bad Airbnb investment with a projected -7.17% first-year return on $91,857 initial cash invested.

-7.17%

Cash On Cash

4.47%

Cap Rate

0.75

DSCR

$2,939

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,939 income − $3,488 expenses = $549 out of pocket

Income$2,939Out of Pocket$549Mortgage P&I$1,74159%Property Taxes$2087%Insurance$1274%Management$44115%CapEx$1184%Maintenance$1184%Other$73525%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,939

Total Expenses

$3,488

Mortgage P&I

59%

$1,741

Property Taxes

7%

$208

Home Insurance

4%

$127

HOA

0%

$0

Property Management

15%

$441

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$735

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