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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 -15.9% first-year return on $148k initial cash invested.

-15.9%

Cash On Cash

2.18%

Cap Rate

0.38

DSCR

$2,708

Rent

-$1,963

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,708

Total Expenses

$4,671

Mortgage P&I

110%

$2,983

Property Taxes

6%

$172

Home Insurance

8%

$217

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$677

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