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3962 Startown Rd, Newton, NC 28658

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Airbnb investment with a projected -8.94% first-year return on $91,500 initial cash invested.

-8.94%

Cash On Cash

4.23%

Cap Rate

0.68

DSCR

$2,720

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $3,402 expenses = $682 out of pocket

Income$2,720Out of Pocket$682Mortgage P&I$1,80866%Property Taxes$1666%Insurance$1224%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$3,402

Mortgage P&I

66%

$1,808

Property Taxes

6%

$166

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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