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543 Kenway Loop, Mooresville, NC 28117

3 beds • 3 baths • 4046 sqft

$1,600,000

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This property looks like a bad Airbnb investment with a projected -17.92% first-year return on $354k initial cash invested.

-17.92%

Cash On Cash

2.19%

Cap Rate

0.37

DSCR

$7,045

Rent

-$5,287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,045 income − $12,332 expenses = $5,287 out of pocket

Income$7,045Out of Pocket$5,287Mortgage P&I$7,930113%Property Taxes$4607%Insurance$5608%Management$1,05715%CapEx$2824%Maintenance$2824%Other$1,76125%

Investment Breakdown

|

Purchase Price

$1600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$354k

Downpayment

20%

$320k

Closing costs

1%

$16,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,045

Total Expenses

$12,332

Mortgage P&I

113%

$7,930

Property Taxes

7%

$460

Home Insurance

8%

$560

HOA

0%

$0

Property Management

15%

$1,057

CapEx

4%

$282

Vacancy

0%

$0

Maintenance

4%

$282

Other

25%

$1,761

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