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931 Cornelius Rd, Mooresville, NC 28117

3 beds • 3 baths • 2971 sqft

$1,084,800

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This property looks like a bad Airbnb investment with a projected -18.8% first-year return on $246k initial cash invested.

-18.8%

Cash On Cash

2.03%

Cap Rate

0.33

DSCR

$4,831

Rent

-$3,852

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,831 income − $8,683 expenses = $3,852 out of pocket

Income$4,831Out of Pocket$3,852Mortgage P&I$5,491114%Property Taxes$4539%Insurance$4209%Management$72515%CapEx$1934%Maintenance$1934%Other$1,20825%

Investment Breakdown

|

Purchase Price

$1085k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$246k

Downpayment

20%

$217k

Closing costs

1%

$10,848

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,831

Total Expenses

$8,683

Mortgage P&I

114%

$5,491

Property Taxes

9%

$453

Home Insurance

9%

$420

HOA

0%

$0

Property Management

15%

$725

CapEx

4%

$193

Vacancy

0%

$0

Maintenance

4%

$193

Other

25%

$1,208

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