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9630 Hannon Rd, Mint Hill, NC 28227

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Airbnb investment with a projected -8.38% first-year return on $91,164 initial cash invested.

-8.38%

Cash On Cash

4%

Cap Rate

0.69

DSCR

$2,652

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,164

Downpayment

20%

$69,680

Closing costs

1%

$3,484

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$3,289

Mortgage P&I

64%

$1,691

Property Taxes

8%

$201

Home Insurance

5%

$124

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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