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900 Highland Mist Ln, Charlotte, NC 28215

3 beds • 3 baths • 1758 sqft

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This property looks like a bad Airbnb investment with a projected -10.5% first-year return on $89,799 initial cash invested.

-10.5%

Cash On Cash

3.49%

Cap Rate

0.59

DSCR

$2,180

Rent

-$786

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,180 income − $2,966 expenses = $786 out of pocket

Income$2,180Out of Pocket$786Mortgage P&I$1,69278%Property Taxes$1065%Insurance$1226%Management$32715%CapEx$874%Maintenance$874%Other$54525%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,799

Downpayment

20%

$68,380

Closing costs

1%

$3,419

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,180

Total Expenses

$2,966

Mortgage P&I

78%

$1,692

Property Taxes

5%

$106

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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