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603 Laurel Lakes Pkwy, Lake Lure, NC 28746

3 beds • 3 baths • 2199 sqft

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This property looks like a bad Airbnb investment with a projected -18.52% first-year return on $138k initial cash invested.

-18.52%

Cash On Cash

1.72%

Cap Rate

0.29

DSCR

$2,496

Rent

-$2,125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $4,621 expenses = $2,125 out of pocket

Income$2,496Out of Pocket$2,125Mortgage P&I$2,842114%Property Taxes$32213%Insurance$2088%HOA$512%Management$37415%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,700

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$4,621

Mortgage P&I

114%

$2,842

Property Taxes

13%

$322

Home Insurance

8%

$208

HOA

2%

$51

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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