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3029 Havasu Way, High Point, NC 27265

3 beds • 3 baths • 2861 sqft

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This property looks like a bad Airbnb investment with a projected -9.56% first-year return on $102k initial cash invested.

-9.56%

Cash On Cash

3.95%

Cap Rate

0.66

DSCR

$3,132

Rent

-$809

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,620

Closing costs

1%

$3,981

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,132

Total Expenses

$3,941

Mortgage P&I

64%

$1,995

Property Taxes

10%

$298

Home Insurance

5%

$145

HOA

0%

$0

Property Management

15%

$470

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$783

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