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198 Windemere Isle Rd, Statesville, NC 28677

3 beds • 4 baths • 2885 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $163k initial cash invested.

-11.26%

Cash On Cash

3.72%

Cap Rate

0.62

DSCR

$4,998

Rent

-$1,529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,998 income − $6,527 expenses = $1,529 out of pocket

Income$4,998Out of Pocket$1,529Mortgage P&I$3,47069%Property Taxes$2826%Insurance$2425%HOA$1333%Management$75015%CapEx$2004%Maintenance$2004%Other$1,25025%

Investment Breakdown

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Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,998

Total Expenses

$6,527

Mortgage P&I

69%

$3,470

Property Taxes

6%

$282

Home Insurance

5%

$242

HOA

3%

$133

Property Management

15%

$750

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,250

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