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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 -15.7% first-year return on $89,022 initial cash invested.

-15.7%

Cash On Cash

2.37%

Cap Rate

0.39

DSCR

$2,491

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,491 income − $3,656 expenses = $1,165 out of pocket

Income$2,491Out of Pocket$1,165Mortgage P&I$1,73470%Property Taxes$1898%Insurance$1225%HOA$41417%Management$37415%CapEx$1004%Maintenance$1004%Other$62325%

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

$2,491

Total Expenses

$3,656

Mortgage P&I

70%

$1,734

Property Taxes

8%

$189

Home Insurance

5%

$122

HOA

17%

$414

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$623

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