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101 Bluebird Lane, Morganton, NC 28655

3 beds • 4 baths • 2365 sqft

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This property looks like a bad Airbnb investment with a projected -10.8% first-year return on $96,477 initial cash invested.

-10.8%

Cash On Cash

3.52%

Cap Rate

0.59

DSCR

$2,367

Rent

-$868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,367 income − $3,235 expenses = $868 out of pocket

Income$2,367Out of Pocket$868Mortgage P&I$1,87079%Property Taxes$1024%Insurance$1265%Management$35515%CapEx$954%Maintenance$954%Other$59225%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,477

Downpayment

20%

$74,740

Closing costs

1%

$3,737

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,367

Total Expenses

$3,235

Mortgage P&I

79%

$1,870

Property Taxes

4%

$102

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$355

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$592

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