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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 -16.52% first-year return on $98,850 initial cash invested.

-16.52%

Cash On Cash

1.93%

Cap Rate

0.32

DSCR

$1,513

Rent

-$1,361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,513 income − $2,874 expenses = $1,361 out of pocket

Income$1,513Out of Pocket$1,361Mortgage P&I$1,920127%Property Taxes$926%Insurance$1359%Management$22715%CapEx$614%Maintenance$614%Other$37825%

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

$1,513

Total Expenses

$2,874

Mortgage P&I

127%

$1,920

Property Taxes

6%

$92

Home Insurance

9%

$135

HOA

0%

$0

Property Management

15%

$227

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$378

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