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3826 Severn Ave, Charlotte, NC 28210

3 beds • 2 baths • 1789 sqft

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This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $192k initial cash invested.

-18.07%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$3,834

Rent

-$2,893

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,834 income − $6,727 expenses = $2,893 out of pocket

Income$3,834Out of Pocket$2,893Mortgage P&I$4,108107%Property Taxes$48213%Insurance$2988%Management$57515%CapEx$1534%Maintenance$1534%Other$95825%

Investment Breakdown

|

Purchase Price

$829k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$166k

Closing costs

1%

$8,293

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,834

Total Expenses

$6,727

Mortgage P&I

107%

$4,108

Property Taxes

13%

$482

Home Insurance

8%

$298

HOA

0%

$0

Property Management

15%

$575

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$958

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