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428 Claremont Dr, Chapel Hill, NC 27516

3 beds • 3 baths • 1196 sqft

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This property looks like a bad Airbnb investment with a projected -18.87% first-year return on $106k initial cash invested.

-18.87%

Cash On Cash

1.58%

Cap Rate

0.26

DSCR

$2,413

Rent

-$1,674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,413 income − $4,087 expenses = $1,674 out of pocket

Income$2,413Out of Pocket$1,674Mortgage P&I$2,13088%Property Taxes$52722%Insurance$1566%HOA$1155%Management$36215%CapEx$974%Maintenance$974%Other$60325%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,260

Closing costs

1%

$4,213

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,413

Total Expenses

$4,087

Mortgage P&I

88%

$2,130

Property Taxes

22%

$527

Home Insurance

6%

$156

HOA

5%

$115

Property Management

15%

$362

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$603

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