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1707 David Dr, Shelby, NC 28150

3 beds • 2 baths • 2622 sqft

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This property looks like a bad Airbnb investment with a projected -18.64% first-year return on $84,990 initial cash invested.

-18.64%

Cash On Cash

1.18%

Cap Rate

0.2

DSCR

$1,185

Rent

-$1,320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,185 income − $2,505 expenses = $1,320 out of pocket

Income$1,185Out of Pocket$1,320Mortgage P&I$1,586134%Property Taxes$23920%Insurance$1129%Management$17815%CapEx$474%Maintenance$474%Other$29625%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,185

Total Expenses

$2,505

Mortgage P&I

134%

$1,586

Property Taxes

20%

$239

Home Insurance

9%

$112

HOA

0%

$0

Property Management

15%

$178

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$296

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