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1602 Arden Dr, Lincolnton, NC 28092

3 beds • 2 baths • 2010 sqft

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This property looks like a bad Airbnb investment with a projected -16.55% first-year return on $98,850 initial cash invested.

-16.55%

Cash On Cash

1.92%

Cap Rate

0.32

DSCR

$1,507

Rent

-$1,363

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,507 income − $2,870 expenses = $1,363 out of pocket

Income$1,507Out of Pocket$1,363Mortgage P&I$1,920127%Property Taxes$926%Insurance$1359%Management$22615%CapEx$604%Maintenance$604%Other$37725%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,507

Total Expenses

$2,870

Mortgage P&I

127%

$1,920

Property Taxes

6%

$92

Home Insurance

9%

$135

HOA

0%

$0

Property Management

15%

$226

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$377

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