REI Lense

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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 -22.88% first-year return on $168k initial cash invested.

-22.88%

Cash On Cash

0.62%

Cap Rate

0.11

DSCR

$2,402

Rent

-$3,206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,402

Total Expenses

$5,608

Mortgage P&I

145%

$3,479

Property Taxes

13%

$313

Home Insurance

10%

$250

HOA

17%

$414

Property Management

15%

$360

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$600

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