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607 Carlos St, Shelby, NC 28152

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -8% first-year return on $64,074 initial cash invested.

-8%

Cash On Cash

4.19%

Cap Rate

0.68

DSCR

$1,605

Rent

-$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,605 income − $2,032 expenses = $427 out of pocket

Income$1,605Out of Pocket$427Mortgage P&I$1,12970%Property Taxes$563%Insurance$775%Management$24115%CapEx$644%Maintenance$644%Other$40125%

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,074

Downpayment

20%

$43,880

Closing costs

1%

$2,194

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,605

Total Expenses

$2,032

Mortgage P&I

70%

$1,129

Property Taxes

3%

$56

Home Insurance

5%

$77

HOA

0%

$0

Property Management

15%

$241

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$401

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