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48 Springvale Ave, Asheville, NC 28803

1 beds • 1 baths • 788 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $53,166 initial cash invested.

-11.26%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$1,546

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,166

Downpayment

20%

$44,920

Closing costs

1%

$2,246

Rehab

0%

$0

Furnishing

3%

$6,000

Cashflow

Total Income

$1,546

Total Expenses

$2,045

Mortgage P&I

71%

$1,105

Property Taxes

5%

$72

Home Insurance

8%

$126

HOA

0%

$0

Property Management

15%

$232

CapEx

4%

$62

Vacancy

0%

$0

Maintenance

4%

$62

Other

25%

$386

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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1

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1

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$2,353

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1

1

0.32 mi

104 W Rancho Del Cerro

$2,500

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4

2

1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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