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600 W Warren St, Shelby, NC 28150

3 beds • 2 baths • 2165 sqft

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This property looks like a bad Airbnb investment with a projected -10.3% first-year return on $85,725 initial cash invested.

-10.3%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$2,293

Rent

-$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,293 income − $3,029 expenses = $736 out of pocket

Income$2,293Out of Pocket$736Mortgage P&I$1,58069%Property Taxes$23210%Insurance$1165%Management$34415%CapEx$924%Maintenance$924%Other$57325%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,725

Downpayment

20%

$64,500

Closing costs

1%

$3,225

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,293

Total Expenses

$3,029

Mortgage P&I

69%

$1,580

Property Taxes

10%

$232

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$573

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