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900 Cone Ave, Pineville, NC 28134

3 beds • 2 baths • 1257 sqft

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This property looks like a bad Airbnb investment with a projected -1.02% first-year return on $77,766 initial cash invested.

-1.02%

Cash On Cash

6.24%

Cap Rate

1.04

DSCR

$3,101

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,101 income − $3,167 expenses = $66 out of pocket

Income$3,101Out of Pocket$66Mortgage P&I$1,42146%Property Taxes$1605%Insurance$983%Management$46515%CapEx$1244%Maintenance$1244%Other$77525%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,766

Downpayment

20%

$56,920

Closing costs

1%

$2,846

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,101

Total Expenses

$3,167

Mortgage P&I

46%

$1,421

Property Taxes

5%

$160

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$775

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