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2119 South Rd, Morganton, NC 28655

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Airbnb investment with a projected -5.36% first-year return on $83,961 initial cash invested.

-5.36%

Cash On Cash

4.97%

Cap Rate

0.83

DSCR

$2,599

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,599 income − $2,974 expenses = $375 out of pocket

Income$2,599Out of Pocket$375Mortgage P&I$1,57260%Property Taxes$422%Insurance$1124%Management$39015%CapEx$1044%Maintenance$1044%Other$65025%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,961

Downpayment

20%

$62,820

Closing costs

1%

$3,141

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,599

Total Expenses

$2,974

Mortgage P&I

60%

$1,572

Property Taxes

2%

$42

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$650

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