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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 -21.65% first-year return on $270k initial cash invested.

-21.65%

Cash On Cash

1.15%

Cap Rate

0.19

DSCR

$3,202

Rent

-$4,871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$3,202

Total Expenses

$8,073

Mortgage P&I

184%

$5,890

Property Taxes

7%

$227

Home Insurance

13%

$420

HOA

0%

$0

Property Management

15%

$480

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$800

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