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2115 Newton Dr, Statesville, NC 28677

3 beds • 2 baths • 2190 sqft

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This property looks like a bad Airbnb investment with a projected -4.1% first-year return on $69,345 initial cash invested.

-4.1%

Cash On Cash

5.74%

Cap Rate

0.89

DSCR

$2,302

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $2,539 expenses = $237 out of pocket

Income$2,302Out of Pocket$237Mortgage P&I$1,31457%Property Taxes$331%Insurance$874%Management$34515%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,345

Downpayment

20%

$48,900

Closing costs

1%

$2,445

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,302

Total Expenses

$2,539

Mortgage P&I

57%

$1,314

Property Taxes

1%

$33

Home Insurance

4%

$87

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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