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2470 Fire Department St, Newton, NC 28658

3 beds • 2 baths • 1133 sqft

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This property looks like a bad Airbnb investment with a projected -0.9% first-year return on $70,479 initial cash invested.

-0.9%

Cash On Cash

6.37%

Cap Rate

1.04

DSCR

$2,624

Rent

-$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,624

Total Expenses

$2,677

Mortgage P&I

49%

$1,275

Property Taxes

2%

$54

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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