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9612 Mill Grove Rd, Indian Trail, NC 28079

3 beds • 3 baths • 1691 sqft

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This property looks like a bad Airbnb investment with a projected -4.13% first-year return on $106k initial cash invested.

-4.13%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$3,924

Rent

-$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,924 income − $4,288 expenses = $364 out of pocket

Income$3,924Out of Pocket$364Mortgage P&I$2,09153%Property Taxes$1594%Insurance$1544%Management$58915%CapEx$1574%Maintenance$1574%Other$98125%

Investment Breakdown

|

Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,660

Closing costs

1%

$4,183

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,924

Total Expenses

$4,288

Mortgage P&I

53%

$2,091

Property Taxes

4%

$159

Home Insurance

4%

$154

HOA

0%

$0

Property Management

15%

$589

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$981

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