466 Hanging Rock Rd Mars Hill, North Carolina, 28754
4 bed • 3 bath • 8 guests
Est. $3,573/mo
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$712,100
Zestimate
Airbnb Investor Score
-$18,720
Annual Profit
4.2%
Cap Rate
-10.3%
Cash on Cash
$51,971
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $280/night at 47% occupancy.Projected nightly rate is $279/night at 51% occupancy.
Top 51% of comparables
Top 38% of comparables
Seasonality
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40
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$57,891
Avg annual revenue
51%
Avg occupancy rate
$279
Avg nightly rate
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Revenue per year
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-$18,721
Profit
Revenue
$51,971
Operating Expenses
$20,436
Operating Income
$31,534
Mortgage & Taxes
$50,255
Profit (Cash Flow)
-$18,721
$182,100
Cash Investment
Down Payment
$149,000
Renos & Furnishing
$10,750
Closing Costs
$22,350
Total
$182,100
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-10.28%
Cap Rate
4.23%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$35,358
Deductible property tax
$7,375
Your total deduction
$94,010
Your adjusted annual income
$150,000 - $94,010 = $55,990
Taxes on $55,990 (30%)
$16,797
Your old tax bill
$45,000
Your new tax bill
$16,797
Estimated tax savings
$28,203
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
1.93 sqft
Year built:
1980
Size:
2,300 sqft
Type:
SINGLE_FAMILY
Parking:
-
Heating:
Baseboard, Ductless
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 2
- Lot size: 1.93 sqft
- Building area: 2,300 sqft
- Garage: No
- Heating: Baseboard, ductless
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: Ductless
- View: Long Range, Year Round
- Parking: Detached Carport
- Amenities: Dishwasher, Dryer, Electric Water Heater, Exhaust Hood, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
- Price per square foot: $312
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 9862275947
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $246,157
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $718,000
Schools
- Middle School: Madison Middle School with 6/10 star rating
- High School: Madison High School with 4/10 star rating