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178 Key Farmstead Ln, Lincolnton, NC 28092

3 beds • 3 baths • 2735 sqft

$1,624,300

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This property looks like a bad Airbnb investment with a projected -25.07% first-year return on $359k initial cash invested.

-25.07%

Cash On Cash

0.47%

Cap Rate

0.08

DSCR

$2,892

Rent

-$7,503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,892 income − $10,395 expenses = $7,503 out of pocket

Income$2,892Out of Pocket$7,503Mortgage P&I$8,017277%Property Taxes$37713%Insurance$61221%Management$43415%CapEx$1164%Maintenance$1164%Other$72325%

Investment Breakdown

|

Purchase Price

$1624k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$359k

Downpayment

20%

$325k

Closing costs

1%

$16,243

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,892

Total Expenses

$10,395

Mortgage P&I

277%

$8,017

Property Taxes

13%

$377

Home Insurance

21%

$612

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$723

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