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10 Wellspring Ln, Asheville, NC 28806

1 beds • 2 baths • 1032 sqft

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This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $76,629 initial cash invested.

-13.92%

Cash On Cash

3.48%

Cap Rate

$1,860

Rent

-$889

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,629

Downpayment

20%

$72,980

Closing costs

1%

$3,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,860

Total Expenses

$2,749

Mortgage P&I

100%

$1,853

Property Taxes

11%

$209

Home Insurance

7%

$128

HOA

4%

$75

PManagement

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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Comparable Property

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Beds

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Distance

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1.1 mi

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1

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0.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

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$2,850

5

4

3030

0.6 mi

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2

1

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0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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