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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 -17.92% first-year return on $84,990 initial cash invested.

-17.92%

Cash On Cash

1.38%

Cap Rate

0.23

DSCR

$1,282

Rent

-$1,269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,282 income − $2,551 expenses = $1,269 out of pocket

Income$1,282Out of Pocket$1,269Mortgage P&I$1,586124%Property Taxes$23919%Insurance$1129%Management$19215%CapEx$514%Maintenance$514%Other$32025%

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

$1,282

Total Expenses

$2,551

Mortgage P&I

124%

$1,586

Property Taxes

19%

$239

Home Insurance

9%

$112

HOA

0%

$0

Property Management

15%

$192

CapEx

4%

$51

Vacancy

0%

$0

Maintenance

4%

$51

Other

25%

$320

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