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140 Lower Grouse Ridge Road, Banner Elk, NC 28604
3 beds • 5 baths • 2833 sqft
$799,000
View on ZillowThis property looks like a bad Airbnb investment with a projected -13.57% first-year return on $186k initial cash invested.
-13.57%
Cash On Cash
3.19%
Cap Rate
0.53
DSCR
$5,160
Rent
-$2,101
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,160 income − $7,261 expenses = $2,101 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,160
Total Expenses
$7,261
Mortgage P&I
78%
$4,018
Property Taxes
9%
$487
Home Insurance
5%
$280
HOA
0%
$0
Property Management
15%
$774
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,290