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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 -4.33% first-year return on $69,345 initial cash invested.

-4.33%

Cash On Cash

5.67%

Cap Rate

0.88

DSCR

$2,276

Rent

-$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,526 expenses = $250 out of pocket

Income$2,276Out of Pocket$250Mortgage P&I$1,31458%Property Taxes$331%Insurance$874%Management$34115%CapEx$914%Maintenance$914%Other$56925%

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

$2,276

Total Expenses

$2,526

Mortgage P&I

58%

$1,314

Property Taxes

1%

$33

Home Insurance

4%

$87

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$569

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