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823 N Laurel St, Lincolnton, NC 28092

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Airbnb investment with a projected -7.33% first-year return on $74,196 initial cash invested.

-7.33%

Cash On Cash

4.3%

Cap Rate

0.72

DSCR

$2,226

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $2,679 expenses = $453 out of pocket

Income$2,226Out of Pocket$453Mortgage P&I$1,32259%Property Taxes$1778%Insurance$1125%Management$33415%CapEx$894%Maintenance$894%Other$55625%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,196

Downpayment

20%

$53,520

Closing costs

1%

$2,676

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,226

Total Expenses

$2,679

Mortgage P&I

59%

$1,322

Property Taxes

8%

$177

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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