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556 High Pines Loop, Lake Lure, NC 28746

3 beds • 4 baths • 3622 sqft

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This property looks like a bad Airbnb investment with a projected -26.29% first-year return on $210k initial cash invested.

-26.29%

Cash On Cash

-0.1%

Cap Rate

-0.02

DSCR

$1,823

Rent

-$4,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,823 income − $6,434 expenses = $4,611 out of pocket

Income$1,823Out of Pocket$4,611Mortgage P&I$4,462245%Property Taxes$51528%Insurance$33218%HOA$25014%Management$27315%CapEx$734%Maintenance$734%Other$45625%

Investment Breakdown

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Purchase Price

$916k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$210k

Downpayment

20%

$183k

Closing costs

1%

$9,164

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,823

Total Expenses

$6,434

Mortgage P&I

245%

$4,462

Property Taxes

28%

$515

Home Insurance

18%

$332

HOA

14%

$250

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$456

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