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610 Hastings Rd, Mebane, NC 27302

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -8.07% first-year return on $84,024 initial cash invested.

-8.07%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$2,646

Rent

-$565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $3,211 expenses = $565 out of pocket

Income$2,646Out of Pocket$565Mortgage P&I$1,57760%Property Taxes$2228%Insurance$1144%HOA$271%Management$39715%CapEx$1064%Maintenance$1064%Other$66225%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,024

Downpayment

20%

$62,880

Closing costs

1%

$3,144

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$3,211

Mortgage P&I

60%

$1,577

Property Taxes

8%

$222

Home Insurance

4%

$114

HOA

1%

$27

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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