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3485 Bridgeford Ln, Newton, NC 28658

3 beds • 2 baths • 2320 sqft

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This property looks like a bad Airbnb investment with a projected -17.52% first-year return on $148k initial cash invested.

-17.52%

Cash On Cash

1.77%

Cap Rate

0.31

DSCR

$2,326

Rent

-$2,163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,326 income − $4,489 expenses = $2,163 out of pocket

Income$2,326Out of Pocket$2,163Mortgage P&I$2,983128%Property Taxes$1727%Insurance$2179%Management$34915%CapEx$934%Maintenance$934%Other$58225%

Investment Breakdown

|

Purchase Price

$620k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,199

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,326

Total Expenses

$4,489

Mortgage P&I

128%

$2,983

Property Taxes

7%

$172

Home Insurance

9%

$217

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$582

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