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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 -25.53% first-year return on $210k initial cash invested.

-25.53%

Cash On Cash

0.09%

Cap Rate

0.02

DSCR

$2,080

Rent

-$4,477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,080 income − $6,557 expenses = $4,477 out of pocket

Income$2,080Out of Pocket$4,477Mortgage P&I$4,462215%Property Taxes$51525%Insurance$33216%HOA$25012%Management$31215%CapEx$834%Maintenance$834%Other$52025%

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

$2,080

Total Expenses

$6,557

Mortgage P&I

215%

$4,462

Property Taxes

25%

$515

Home Insurance

16%

$332

HOA

12%

$250

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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