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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 -6.36% first-year return on $83,961 initial cash invested.

-6.36%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$2,465

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,465 income − $2,910 expenses = $445 out of pocket

Income$2,465Out of Pocket$445Mortgage P&I$1,57264%Property Taxes$422%Insurance$1125%Management$37015%CapEx$994%Maintenance$994%Other$61625%

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

$2,465

Total Expenses

$2,910

Mortgage P&I

64%

$1,572

Property Taxes

2%

$42

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$616

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