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1801 Carthage St, Sanford, NC 27330

3 beds • 2 baths • 1989 sqft

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This property looks like a bad Airbnb investment with a projected -5.13% first-year return on $78,900 initial cash invested.

-5.13%

Cash On Cash

4.87%

Cap Rate

0.83

DSCR

$2,482

Rent

-$337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $2,819 expenses = $337 out of pocket

Income$2,482Out of Pocket$337Mortgage P&I$1,41457%Property Taxes$1135%Insurance$1024%Management$37215%CapEx$994%Maintenance$994%Other$62025%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,482

Total Expenses

$2,819

Mortgage P&I

57%

$1,414

Property Taxes

5%

$113

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$620

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