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249 Stone Mountain Way, Denver, NC 28037

3 beds • 3 baths • 2679 sqft

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This property looks like a bad Airbnb investment with a projected -14.93% first-year return on $171k initial cash invested.

-14.93%

Cash On Cash

2.86%

Cap Rate

0.47

DSCR

$5,163

Rent

-$2,134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,163 income − $7,297 expenses = $2,134 out of pocket

Income$5,163Out of Pocket$2,134Mortgage P&I$3,66971%Property Taxes$3437%Insurance$2665%HOA$54010%Management$77415%CapEx$2074%Maintenance$2074%Other$1,29125%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,308

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,163

Total Expenses

$7,297

Mortgage P&I

71%

$3,669

Property Taxes

7%

$343

Home Insurance

5%

$266

HOA

10%

$540

Property Management

15%

$774

CapEx

4%

$207

Vacancy

0%

$0

Maintenance

4%

$207

Other

25%

$1,291

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