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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 -14.62% first-year return on $121k initial cash invested.

-14.62%

Cash On Cash

2.59%

Cap Rate

0.44

DSCR

$2,834

Rent

-$1,476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,834

Total Expenses

$4,310

Mortgage P&I

86%

$2,425

Property Taxes

10%

$270

Home Insurance

6%

$174

HOA

3%

$82

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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