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220 Jones Ct, Lake Lure, NC 28746

3 beds • 3 baths • 2444 sqft

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This property looks like a bad Airbnb investment with a projected -17.84% first-year return on $121k initial cash invested.

-17.84%

Cash On Cash

1.74%

Cap Rate

0.29

DSCR

$2,213

Rent

-$1,801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,213 income − $4,014 expenses = $1,801 out of pocket

Income$2,213Out of Pocket$1,801Mortgage P&I$2,425110%Property Taxes$27012%Insurance$1748%HOA$824%Management$33215%CapEx$894%Maintenance$894%Other$55325%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,240

Closing costs

1%

$4,912

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,213

Total Expenses

$4,014

Mortgage P&I

110%

$2,425

Property Taxes

12%

$270

Home Insurance

8%

$174

HOA

4%

$82

Property Management

15%

$332

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$553

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