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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 -18.5% first-year return on $313k initial cash invested.

-18.5%

Cash On Cash

1.97%

Cap Rate

0.33

DSCR

$5,838

Rent

-$4,823

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,838 income − $10,661 expenses = $4,823 out of pocket

Income$5,838Out of Pocket$4,823Mortgage P&I$6,889118%Property Taxes$4087%Insurance$56010%Management$87615%CapEx$2344%Maintenance$2344%Other$1,46025%

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

$5,838

Total Expenses

$10,661

Mortgage P&I

118%

$6,889

Property Taxes

7%

$408

Home Insurance

10%

$560

HOA

0%

$0

Property Management

15%

$876

CapEx

4%

$234

Vacancy

0%

$0

Maintenance

4%

$234

Other

25%

$1,460

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