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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 Airbnb investment with a projected -8.86% first-year return on $77,745 initial cash invested.

-8.86%

Cash On Cash

3.65%

Cap Rate

0.64

DSCR

$1,942

Rent

-$574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,942 income − $2,516 expenses = $574 out of pocket

Income$1,942Out of Pocket$574Mortgage P&I$1,36170%Property Taxes$1206%Insurance$1025%Management$29115%CapEx$784%Maintenance$784%Other$48625%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,745

Downpayment

20%

$56,900

Closing costs

1%

$2,845

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,942

Total Expenses

$2,516

Mortgage P&I

70%

$1,361

Property Taxes

6%

$120

Home Insurance

5%

$102

HOA

0%

$0

Property Management

15%

$291

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$486

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