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638 Newfound St, Canton, NC 28716

2 beds • 1 baths • 1286 sqft

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This property looks like a bad Airbnb investment with a projected -20.81% first-year return on $86,571 initial cash invested.

-20.81%

Cash On Cash

1.18%

Cap Rate

0.19

DSCR

$1,029

Rent

-$1,501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,029 income − $2,530 expenses = $1,501 out of pocket

Income$1,029Out of Pocket$1,501Mortgage P&I$1,808176%Property Taxes$10110%Insurance$12812%Management$15415%CapEx$414%Maintenance$414%Other$25725%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,571

Downpayment

20%

$71,020

Closing costs

1%

$3,551

Rehab

0%

$0

Furnishing

3%

$12,000

Cashflow

Total Income

$1,029

Total Expenses

$2,530

Mortgage P&I

176%

$1,808

Property Taxes

10%

$101

Home Insurance

12%

$128

HOA

0%

$0

Property Management

15%

$154

CapEx

4%

$41

Vacancy

0%

$0

Maintenance

4%

$41

Other

25%

$257

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