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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 -7.99% first-year return on $74,196 initial cash invested.

-7.99%

Cash On Cash

4.1%

Cap Rate

0.69

DSCR

$2,148

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,148 income − $2,642 expenses = $494 out of pocket

Income$2,148Out of Pocket$494Mortgage P&I$1,32262%Property Taxes$1778%Insurance$1125%Management$32215%CapEx$864%Maintenance$864%Other$53725%

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

$2,148

Total Expenses

$2,642

Mortgage P&I

62%

$1,322

Property Taxes

8%

$177

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$322

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$537

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