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163 Forbes Way, Blowing Rock, NC 28605

3 beds • 4 baths • 2512 sqft

$1,316,500

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This property looks like a bad Airbnb investment with a projected -20% first-year return on $294k initial cash invested.

-20%

Cash On Cash

1.75%

Cap Rate

0.29

DSCR

$5,065

Rent

-$4,907

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,065 income − $9,972 expenses = $4,907 out of pocket

Income$5,065Out of Pocket$4,907Mortgage P&I$6,626131%Property Taxes$4248%Insurance$49010%Management$76015%CapEx$2034%Maintenance$2034%Other$1,26625%

Investment Breakdown

|

Purchase Price

$1317k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$294k

Downpayment

20%

$263k

Closing costs

1%

$13,165

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,065

Total Expenses

$9,972

Mortgage P&I

131%

$6,626

Property Taxes

8%

$424

Home Insurance

10%

$490

HOA

0%

$0

Property Management

15%

$760

CapEx

4%

$203

Vacancy

0%

$0

Maintenance

4%

$203

Other

25%

$1,266

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