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109 Kincaid Hill Dr, Lenoir, NC 28645

3 beds • 3 baths • 2441 sqft

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This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $95,679 initial cash invested.

-14.92%

Cash On Cash

2.36%

Cap Rate

0.39

DSCR

$1,728

Rent

-$1,190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,728 income − $2,918 expenses = $1,190 out of pocket

Income$1,728Out of Pocket$1,190Mortgage P&I$1,849107%Property Taxes$1106%Insurance$1308%Management$25915%CapEx$694%Maintenance$694%Other$43225%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,728

Total Expenses

$2,918

Mortgage P&I

107%

$1,849

Property Taxes

6%

$110

Home Insurance

8%

$130

HOA

0%

$0

Property Management

15%

$259

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$432

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