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8420 Wilson Woods Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Airbnb investment with a projected -9.63% first-year return on $95,952 initial cash invested.

-9.63%

Cash On Cash

3.94%

Cap Rate

0.65

DSCR

$2,771

Rent

-$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,771 income − $3,541 expenses = $770 out of pocket

Income$2,771Out of Pocket$770Mortgage P&I$1,87768%Property Taxes$1997%Insurance$1345%Management$41615%CapEx$1114%Maintenance$1114%Other$69325%

Investment Breakdown

|

Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,952

Downpayment

20%

$74,240

Closing costs

1%

$3,712

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,771

Total Expenses

$3,541

Mortgage P&I

68%

$1,877

Property Taxes

7%

$199

Home Insurance

5%

$134

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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