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2984 Lutz Blvd, Newton, NC 28658

3 beds • 2 baths • 1880 sqft

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This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $59,745 initial cash invested.

-6.73%

Cash On Cash

4.68%

Cap Rate

0.82

DSCR

$1,686

Rent

-$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,745

Downpayment

20%

$56,900

Closing costs

1%

$2,845

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,686

Total Expenses

$2,021

Mortgage P&I

81%

$1,361

Property Taxes

7%

$120

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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