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53 Waynesville Ave, Asheville, NC 28806

3 beds • 4 baths • 1796 sqft

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This property looks like a bad Airbnb investment with a projected -21.27% first-year return on $159k initial cash invested.

-21.27%

Cash On Cash

1.25%

Cap Rate

0.2

DSCR

$2,449

Rent

-$2,818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,449 income − $5,267 expenses = $2,818 out of pocket

Income$2,449Out of Pocket$2,818Mortgage P&I$3,421140%Property Taxes$43018%Insurance$24110%Management$36715%CapEx$984%Maintenance$984%Other$61225%

Investment Breakdown

|

Purchase Price

$671k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$134k

Closing costs

1%

$6,712

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,449

Total Expenses

$5,267

Mortgage P&I

140%

$3,421

Property Taxes

18%

$430

Home Insurance

10%

$241

HOA

0%

$0

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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