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4505 E Highway 218, Monroe, NC 28110

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Airbnb investment with a projected -5.91% first-year return on $88,392 initial cash invested.

-5.91%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$3,044

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $3,479 expenses = $435 out of pocket

Income$3,044Out of Pocket$435Mortgage P&I$1,72657%Property Taxes$1465%Insurance$1455%Management$45715%CapEx$1224%Maintenance$1224%Other$76125%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,392

Downpayment

20%

$67,040

Closing costs

1%

$3,352

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$3,479

Mortgage P&I

57%

$1,726

Property Taxes

5%

$146

Home Insurance

5%

$145

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$761

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