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134 View Ridge Pkwy, Leicester, NC 28748

3 beds • 3 baths • 2665 sqft

$1,004,500

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This property looks like a bad Airbnb investment with a projected -20.22% first-year return on $229k initial cash invested.

-20.22%

Cash On Cash

1.43%

Cap Rate

0.24

DSCR

$2,993

Rent

-$3,857

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,993 income − $6,850 expenses = $3,857 out of pocket

Income$2,993Out of Pocket$3,857Mortgage P&I$4,934165%Property Taxes$201%Insurance$35712%HOA$1023%Management$44915%CapEx$1204%Maintenance$1204%Other$74825%

Investment Breakdown

|

Purchase Price

$1005k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$229k

Downpayment

20%

$201k

Closing costs

1%

$10,045

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,993

Total Expenses

$6,850

Mortgage P&I

165%

$4,934

Property Taxes

1%

$20

Home Insurance

12%

$357

HOA

3%

$102

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Light-filled home near Asheville w/ a country feel

$1,941

$145

3

3

1.48 mi

Smoky Mountains Leicester Home w/ Deck!

$2,382

$178

3

2

0.39 mi

Endless View | Pets, Game Room & Mountain View!

$4,309

$322

3

3

1.28 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Projection Charts

Investment Value YoY

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