REI Lense

REI Lense

Unlock all features! Tap here to upgrade

450 Starling Rd, Lake Lure, NC 28746

3 beds • 2 baths • 2154 sqft

Email

This property looks like a bad Airbnb investment with a projected -15.4% first-year return on $110k initial cash invested.

-15.4%

Cash On Cash

2.59%

Cap Rate

0.42

DSCR

$2,496

Rent

-$1,409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $3,905 expenses = $1,409 out of pocket

Income$2,496Out of Pocket$1,409Mortgage P&I$2,25190%Property Taxes$24410%Insurance$1586%HOA$542%Management$37415%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

|

Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,400

Closing costs

1%

$4,370

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$3,905

Mortgage P&I

90%

$2,251

Property Taxes

10%

$244

Home Insurance

6%

$158

HOA

2%

$54

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis