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2909 Scuppernong Ln, Durham, NC 27703

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Airbnb investment with a projected -15.95% first-year return on $100k initial cash invested.

-15.95%

Cash On Cash

2.18%

Cap Rate

0.36

DSCR

$2,248

Rent

-$1,333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $3,581 expenses = $1,333 out of pocket

Income$2,248Out of Pocket$1,333Mortgage P&I$1,95487%Property Taxes$37117%Insurance$1406%HOA$372%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,380

Closing costs

1%

$3,919

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,248

Total Expenses

$3,581

Mortgage P&I

87%

$1,954

Property Taxes

17%

$371

Home Insurance

6%

$140

HOA

2%

$37

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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