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331 Quail Ridge Rd, Lake Lure, NC 28746

3 beds • 3 baths • 1915 sqft

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This property looks like a bad Airbnb investment with a projected -24.49% first-year return on $168k initial cash invested.

-24.49%

Cash On Cash

0.21%

Cap Rate

0.04

DSCR

$1,971

Rent

-$3,432

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $5,403 expenses = $3,432 out of pocket

Income$1,971Out of Pocket$3,432Mortgage P&I$3,479177%Property Taxes$31316%Insurance$25013%HOA$41421%Management$29615%CapEx$794%Maintenance$794%Other$49325%

Investment Breakdown

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Purchase Price

$715k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$143k

Closing costs

1%

$7,150

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,971

Total Expenses

$5,403

Mortgage P&I

177%

$3,479

Property Taxes

16%

$313

Home Insurance

13%

$250

HOA

21%

$414

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$493

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