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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 -13.56% first-year return on $95,679 initial cash invested.

-13.56%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$1,937

Rent

-$1,081

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $3,018 expenses = $1,081 out of pocket

Income$1,937Out of Pocket$1,081Mortgage P&I$1,84995%Property Taxes$1106%Insurance$1307%Management$29115%CapEx$774%Maintenance$774%Other$48425%

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

$1,937

Total Expenses

$3,018

Mortgage P&I

95%

$1,849

Property Taxes

6%

$110

Home Insurance

7%

$130

HOA

0%

$0

Property Management

15%

$291

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$484

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