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417 Garden Ln, Lake Lure, NC 28746

3 beds • 3 baths • 2624 sqft

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This property looks like a bad Airbnb investment with a projected -22.44% first-year return on $200k initial cash invested.

-22.44%

Cash On Cash

0.96%

Cap Rate

0.16

DSCR

$2,672

Rent

-$3,749

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,672 income − $6,421 expenses = $3,749 out of pocket

Income$2,672Out of Pocket$3,749Mortgage P&I$4,336162%Property Taxes$48718%Insurance$31512%Management$40115%CapEx$1074%Maintenance$1074%Other$66825%

Investment Breakdown

|

Purchase Price

$869k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$200k

Downpayment

20%

$174k

Closing costs

1%

$8,689

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,672

Total Expenses

$6,421

Mortgage P&I

162%

$4,336

Property Taxes

18%

$487

Home Insurance

12%

$315

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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