REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

221 Summit St, Asheville, NC 28803

3 beds • 2 baths • 1734 sqft

Email

This property looks like a bad Airbnb investment with a projected -0.55% first-year return on $123k initial cash invested.

-0.55%

Cash On Cash

6.29%

Cap Rate

1.07

DSCR

$5,430

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,430

Total Expenses

$5,486

Mortgage P&I

45%

$2,454

Property Taxes

5%

$251

Home Insurance

3%

$175

HOA

0%

$0

Property Management

15%

$814

CapEx

4%

$217

Vacancy

0%

$0

Maintenance

4%

$217

Other

25%

$1,358

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Affordable + Clean Mountain Cottage

$3,383

$166

3

2

0.74 mi

5 minutes to Biltmore and 10 to all of Asheville

$1,936

$95

3

1.5

0.71 mi

Biltmore | Asheville Downtown

$6,929

$340

2

2

0.12 mi

Biltmore Village Gem

$6,786

$333

2

2

0.13 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis