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797 Lake Club Dr, Nebo, NC 28761

3 beds • 3 baths • 3539 sqft

$1,403,700

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This property looks like a bad Airbnb investment with a projected -20.25% first-year return on $313k initial cash invested.

-20.25%

Cash On Cash

1.55%

Cap Rate

0.26

DSCR

$4,960

Rent

-$5,277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,960 income − $10,237 expenses = $5,277 out of pocket

Income$4,960Out of Pocket$5,277Mortgage P&I$6,889139%Property Taxes$4088%Insurance$56011%Management$74415%CapEx$1984%Maintenance$1984%Other$1,24025%

Investment Breakdown

|

Purchase Price

$1404k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$313k

Downpayment

20%

$281k

Closing costs

1%

$14,037

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,960

Total Expenses

$10,237

Mortgage P&I

139%

$6,889

Property Taxes

8%

$408

Home Insurance

11%

$560

HOA

0%

$0

Property Management

15%

$744

CapEx

4%

$198

Vacancy

0%

$0

Maintenance

4%

$198

Other

25%

$1,240

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