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3114 Kenan Rd, Durham, NC 27704

3 beds • 2 baths • 1115 sqft

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This property looks like a bad Airbnb investment with a projected -2.12% first-year return on $83,100 initial cash invested.

-2.12%

Cash On Cash

5.95%

Cap Rate

0.99

DSCR

$3,385

Rent

-$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,385 income − $3,532 expenses = $147 out of pocket

Income$3,385Out of Pocket$147Mortgage P&I$1,54846%Property Taxes$2527%Insurance$1083%Management$50815%CapEx$1354%Maintenance$1354%Other$84625%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,385

Total Expenses

$3,532

Mortgage P&I

46%

$1,548

Property Taxes

7%

$252

Home Insurance

3%

$108

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$846

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