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587 Marigold Dr, Kannapolis, NC 28083

3 beds • 3 baths • 2095 sqft

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This property looks like a bad Airbnb investment with a projected -17.4% first-year return on $98,472 initial cash invested.

-17.4%

Cash On Cash

1.78%

Cap Rate

0.3

DSCR

$1,910

Rent

-$1,428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,910 income − $3,338 expenses = $1,428 out of pocket

Income$1,910Out of Pocket$1,428Mortgage P&I$1,920101%Property Taxes$34518%Insurance$1578%Management$28615%CapEx$764%Maintenance$764%Other$47825%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,910

Total Expenses

$3,338

Mortgage P&I

101%

$1,920

Property Taxes

18%

$345

Home Insurance

8%

$157

HOA

0%

$0

Property Management

15%

$286

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$478

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