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2470 Fire Department St, Newton, NC 28658

3 beds • 2 baths • 1133 sqft

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This property might be a fair Airbnb investment with a projected 2.28% first-year return on $70,479 initial cash invested.

2.28%

Cash On Cash

7.34%

Cap Rate

1.2

DSCR

$2,981

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,981 income − $2,847 expenses = $134 cash flow

Income$2,981Mortgage P&I$1,27543%Property Taxes$542%Insurance$883%Management$44715%CapEx$1194%Maintenance$1194%Other$74525%Cash Flow$134

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,981

Total Expenses

$2,847

Mortgage P&I

43%

$1,275

Property Taxes

2%

$54

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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