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7929 Honey Fig Rd, Charlotte, NC 28277

3 beds • 3 baths • 2786 sqft

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This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $167k initial cash invested.

-16.22%

Cash On Cash

2.4%

Cap Rate

0.4

DSCR

$4,120

Rent

-$2,256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,120 income − $6,376 expenses = $2,256 out of pocket

Income$4,120Out of Pocket$2,256Mortgage P&I$3,51285%Property Taxes$42410%Insurance$2546%HOA$2085%Management$61815%CapEx$1654%Maintenance$1654%Other$1,03025%

Investment Breakdown

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Purchase Price

$709k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$167k

Downpayment

20%

$142k

Closing costs

1%

$7,091

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,120

Total Expenses

$6,376

Mortgage P&I

85%

$3,512

Property Taxes

10%

$424

Home Insurance

6%

$254

HOA

5%

$208

Property Management

15%

$618

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,030

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