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1011 Cambridge Ct, Lenoir, NC 28645

3 beds • 3 baths • 3034 sqft

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This property looks like a bad Airbnb investment with a projected -12.29% first-year return on $107k initial cash invested.

-12.29%

Cash On Cash

3.05%

Cap Rate

0.52

DSCR

$2,513

Rent

-$1,100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,513 income − $3,613 expenses = $1,100 out of pocket

Income$2,513Out of Pocket$1,100Mortgage P&I$2,08283%Property Taxes$1727%Insurance$1526%Management$37715%CapEx$1014%Maintenance$1014%Other$62825%

Investment Breakdown

|

Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,120

Closing costs

1%

$4,256

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,513

Total Expenses

$3,613

Mortgage P&I

83%

$2,082

Property Taxes

7%

$172

Home Insurance

6%

$152

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$628

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