REI Lense

REI Lense

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Target property

450 Starling Rd, Lake Lure, NC 28746

3 beds • 2 baths • 2154 sqft

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This property looks like a bad Airbnb investment with a projected -29.59% first-year return on $110k initial cash invested.

-29.59%

Cash On Cash

-1.25%

Cap Rate

-0.2

DSCR

$0

Rent

-$2,707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,707 expenses = $2,707 out of pocket

Income$0Out of Pocket$2,707Mortgage P&I$2,251Property Taxes$244Insurance$158HOA$54

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

$0

Total Expenses

$2,707

Mortgage P&I

22510000%

$2,251

Property Taxes

2440000%

$244

Home Insurance

1580000%

$158

HOA

540000%

$54

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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