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1016 Underwood Rd, Matthews, NC 28104

3 beds • 2 baths • 1166 sqft

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This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $93,684 initial cash invested.

-22.48%

Cash On Cash

0.16%

Cap Rate

0.03

DSCR

$490

Rent

-$1,755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$490 income − $2,245 expenses = $1,755 out of pocket

Income$490Out of Pocket$1,755Mortgage P&I$1,782364%Property Taxes$9820%Insurance$12926%Management$7415%CapEx$204%Maintenance$204%Other$12225%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,684

Downpayment

20%

$72,080

Closing costs

1%

$3,604

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$490

Total Expenses

$2,245

Mortgage P&I

364%

$1,782

Property Taxes

20%

$98

Home Insurance

26%

$129

HOA

0%

$0

Property Management

15%

$74

CapEx

4%

$20

Vacancy

0%

$0

Maintenance

4%

$20

Other

25%

$122

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