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825 Pine Ridge Road, Banner Elk, NC 28604

3 beds • 2 baths • 1217 sqft

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This property looks like a bad Airbnb investment with a projected -12.4% first-year return on $95,490 initial cash invested.

-12.4%

Cash On Cash

3.09%

Cap Rate

0.51

DSCR

$2,278

Rent

-$987

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,278 income − $3,265 expenses = $987 out of pocket

Income$2,278Out of Pocket$987Mortgage P&I$1,84581%Property Taxes$1979%Insurance$1296%Management$34215%CapEx$914%Maintenance$914%Other$57025%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,278

Total Expenses

$3,265

Mortgage P&I

81%

$1,845

Property Taxes

9%

$197

Home Insurance

6%

$129

HOA

0%

$0

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$570

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