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1800 Chestnut Ln, Matthews, NC 28104

3 beds • 4 baths • 4133 sqft

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This property looks like a bad Airbnb investment with a projected -24.5% first-year return on $201k initial cash invested.

-24.5%

Cash On Cash

0.61%

Cap Rate

0.1

DSCR

$2,427

Rent

-$4,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,427 income − $6,534 expenses = $4,107 out of pocket

Income$2,427Out of Pocket$4,107Mortgage P&I$4,456184%Property Taxes$45819%Insurance$45519%Management$36415%CapEx$974%Maintenance$974%Other$60725%

Investment Breakdown

|

Purchase Price

$872k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$201k

Downpayment

20%

$174k

Closing costs

1%

$8,720

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,427

Total Expenses

$6,534

Mortgage P&I

184%

$4,456

Property Taxes

19%

$458

Home Insurance

19%

$455

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$607

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