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10316 Bon Meade Ln, Cornelius, NC 28031

3 beds • 2 baths • 1509 sqft

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This property looks like a bad Airbnb investment with a projected -3.75% first-year return on $103k initial cash invested.

-3.75%

Cash On Cash

5.5%

Cap Rate

0.92

DSCR

$3,999

Rent

-$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,999 income − $4,321 expenses = $322 out of pocket

Income$3,999Out of Pocket$322Mortgage P&I$2,02151%Property Taxes$2356%Insurance$1454%Management$60015%CapEx$1604%Maintenance$1604%Other$1,00025%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,060

Closing costs

1%

$4,053

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,999

Total Expenses

$4,321

Mortgage P&I

51%

$2,021

Property Taxes

6%

$235

Home Insurance

4%

$145

HOA

0%

$0

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,000

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