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296 Austin Mountain Dr, Burnsville, NC 28714

3 beds • 3 baths • 2071 sqft

$1,395,000

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This property looks like a bad Airbnb investment with a projected -26.11% first-year return on $311k initial cash invested.

-26.11%

Cash On Cash

0.04%

Cap Rate

0.01

DSCR

$2,627

Rent

-$6,767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,627 income − $9,394 expenses = $6,767 out of pocket

Income$2,627Out of Pocket$6,767Mortgage P&I$6,710255%Property Taxes$55821%Insurance$48819%HOA$37714%Management$39415%CapEx$1054%Maintenance$1054%Other$65725%

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,627

Total Expenses

$9,394

Mortgage P&I

255%

$6,710

Property Taxes

21%

$558

Home Insurance

19%

$488

HOA

14%

$377

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$657

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