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1522 Cannan Mountain Dr, Newton, NC 28658

3 beds • 3 baths • 1685 sqft

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This property looks like a bad Long-Term investment with a projected -2.95% first-year return on $55,230 initial cash invested.

-2.95%

Cash On Cash

5.75%

Cap Rate

0.97

DSCR

$1,961

Rent

-$136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,230

Downpayment

20%

$52,600

Closing costs

1%

$2,630

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,961

Total Expenses

$2,097

Mortgage P&I

66%

$1,299

Property Taxes

9%

$167

Home Insurance

5%

$92

HOA

1%

$29

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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