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106 Bobwhite Ave, Lake Lure, NC 28746

3 beds • 3 baths • 1457 sqft

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This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $110k initial cash invested.

-16.72%

Cash On Cash

2.2%

Cap Rate

0.36

DSCR

$2,248

Rent

-$1,528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $3,776 expenses = $1,528 out of pocket

Income$2,248Out of Pocket$1,528Mortgage P&I$2,239100%Property Taxes$24411%Insurance$1587%HOA$562%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,320

Closing costs

1%

$4,366

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,248

Total Expenses

$3,776

Mortgage P&I

100%

$2,239

Property Taxes

11%

$244

Home Insurance

7%

$158

HOA

2%

$56

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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