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2524 Old Pond Dr, Lincolnton, NC 28092

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $89,211 initial cash invested.

-13.38%

Cash On Cash

2.75%

Cap Rate

0.46

DSCR

$1,921

Rent

-$995

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,921 income − $2,916 expenses = $995 out of pocket

Income$1,921Out of Pocket$995Mortgage P&I$1,69488%Property Taxes$1789%Insurance$1226%Management$28815%CapEx$774%Maintenance$774%Other$48025%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,211

Downpayment

20%

$67,820

Closing costs

1%

$3,391

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,921

Total Expenses

$2,916

Mortgage P&I

88%

$1,694

Property Taxes

9%

$178

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$480

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