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455 Avery Ln, Newland, NC 28657

3 beds • 2 baths • 2901 sqft

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This property looks like a bad Airbnb investment with a projected -24.76% first-year return on $202k initial cash invested.

-24.76%

Cash On Cash

0.48%

Cap Rate

0.08

DSCR

$1,370

Rent

-$4,162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,370 income − $5,532 expenses = $4,162 out of pocket

Income$1,370Out of Pocket$4,162Mortgage P&I$4,457325%Property Taxes$1118%Insurance$30622%Management$20615%CapEx$554%Maintenance$554%Other$34225%

Investment Breakdown

|

Purchase Price

$875k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$202k

Downpayment

20%

$175k

Closing costs

1%

$8,750

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,370

Total Expenses

$5,532

Mortgage P&I

325%

$4,457

Property Taxes

8%

$111

Home Insurance

22%

$306

HOA

0%

$0

Property Management

15%

$206

CapEx

4%

$55

Vacancy

0%

$0

Maintenance

4%

$55

Other

25%

$342

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