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385 Chunns Cove Rd, Asheville, NC 28805

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Airbnb investment with a projected -17.97% first-year return on $179k initial cash invested.

-17.97%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$3,188

Rent

-$2,676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,188 income − $5,864 expenses = $2,676 out of pocket

Income$3,188Out of Pocket$2,676Mortgage P&I$3,808119%Property Taxes$2578%Insurance$2688%Management$47815%CapEx$1284%Maintenance$1284%Other$79725%

Investment Breakdown

|

Purchase Price

$765k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$153k

Closing costs

1%

$7,650

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,188

Total Expenses

$5,864

Mortgage P&I

119%

$3,808

Property Taxes

8%

$257

Home Insurance

8%

$268

HOA

0%

$0

Property Management

15%

$478

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$797

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