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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 -26.6% first-year return on $359k initial cash invested.

-26.6%

Cash On Cash

0.1%

Cap Rate

0.02

DSCR

$2,009

Rent

-$7,960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,009 income − $9,969 expenses = $7,960 out of pocket

Income$2,009Out of Pocket$7,960Mortgage P&I$8,017399%Property Taxes$37719%Insurance$61230%Management$30115%CapEx$804%Maintenance$804%Other$50225%

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

$2,009

Total Expenses

$9,969

Mortgage P&I

399%

$8,017

Property Taxes

19%

$377

Home Insurance

30%

$612

HOA

0%

$0

Property Management

15%

$301

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$502

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