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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 -14.37% first-year return on $121k initial cash invested.

-14.37%

Cash On Cash

2.66%

Cap Rate

0.45

DSCR

$2,883

Rent

-$1,451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $4,334 expenses = $1,451 out of pocket

Income$2,883Out of Pocket$1,451Mortgage P&I$2,42584%Property Taxes$2709%Insurance$1746%HOA$823%Management$43215%CapEx$1154%Maintenance$1154%Other$72125%

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

$2,883

Total Expenses

$4,334

Mortgage P&I

84%

$2,425

Property Taxes

9%

$270

Home Insurance

6%

$174

HOA

3%

$82

Property Management

15%

$432

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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