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4580 Mill St, Hope Mills, NC 28348

3 beds • 3 baths • 1809 sqft

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This property looks like a bad Airbnb investment with a projected -9.7% first-year return on $83,499 initial cash invested.

-9.7%

Cash On Cash

3.77%

Cap Rate

0.63

DSCR

$2,225

Rent

-$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $2,900 expenses = $675 out of pocket

Income$2,225Out of Pocket$675Mortgage P&I$1,56670%Property Taxes$1567%Insurance$1105%Management$33415%CapEx$894%Maintenance$894%Other$55625%

Investment Breakdown

|

Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,499

Downpayment

20%

$62,380

Closing costs

1%

$3,119

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,225

Total Expenses

$2,900

Mortgage P&I

70%

$1,566

Property Taxes

7%

$156

Home Insurance

5%

$110

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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