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242 Whitney Blvd, Lake Lure, NC 28746

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Airbnb investment with a projected -15.29% first-year return on $89,022 initial cash invested.

-15.29%

Cash On Cash

2.49%

Cap Rate

0.4

DSCR

$2,548

Rent

-$1,134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,548 income − $3,682 expenses = $1,134 out of pocket

Income$2,548Out of Pocket$1,134Mortgage P&I$1,73468%Property Taxes$1897%Insurance$1225%HOA$41416%Management$38215%CapEx$1024%Maintenance$1024%Other$63725%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,548

Total Expenses

$3,682

Mortgage P&I

68%

$1,734

Property Taxes

7%

$189

Home Insurance

5%

$122

HOA

16%

$414

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$637

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