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24 Smokey Rd, Asheville, NC 28803

3 beds • 3 baths • 3124 sqft

$1,200,000

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This property looks like a bad Airbnb investment with a projected -23.71% first-year return on $270k initial cash invested.

-23.71%

Cash On Cash

0.65%

Cap Rate

0.11

DSCR

$2,315

Rent

-$5,334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,315 income − $7,649 expenses = $5,334 out of pocket

Income$2,315Out of Pocket$5,334Mortgage P&I$5,890254%Property Taxes$22710%Insurance$42018%Management$34715%CapEx$934%Maintenance$934%Other$57925%

Investment Breakdown

|

Purchase Price

$1200k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$270k

Downpayment

20%

$240k

Closing costs

1%

$12,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,315

Total Expenses

$7,649

Mortgage P&I

254%

$5,890

Property Taxes

10%

$227

Home Insurance

18%

$420

HOA

0%

$0

Property Management

15%

$347

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$579

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