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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 -12.78% first-year return on $89,211 initial cash invested.

-12.78%

Cash On Cash

2.92%

Cap Rate

0.49

DSCR

$2,007

Rent

-$950

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,007 income − $2,957 expenses = $950 out of pocket

Income$2,007Out of Pocket$950Mortgage P&I$1,69484%Property Taxes$1789%Insurance$1226%Management$30115%CapEx$804%Maintenance$804%Other$50225%

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

$2,007

Total Expenses

$2,957

Mortgage P&I

84%

$1,694

Property Taxes

9%

$178

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$301

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$502

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