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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 -21.74% first-year return on $159k initial cash invested.

-21.74%

Cash On Cash

1.13%

Cap Rate

0.19

DSCR

$2,331

Rent

-$2,880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $5,211 expenses = $2,880 out of pocket

Income$2,331Out of Pocket$2,880Mortgage P&I$3,421147%Property Taxes$43018%Insurance$24110%Management$35015%CapEx$934%Maintenance$934%Other$58325%

Investment Breakdown

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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

$2,331

Total Expenses

$5,211

Mortgage P&I

147%

$3,421

Property Taxes

18%

$430

Home Insurance

10%

$241

HOA

0%

$0

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$583

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