REI Lense

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$2,002 (target)

100 Summersweet Drive, Banner Elk, NC 28604

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $79,800 initial cash invested.

-10.06%

Cash On Cash

4.2%

Cap Rate

0.7

DSCR

$2,002

Rent

-$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,002 income − $2,671 expenses = $669 out of pocket

Income$2,002Out of Pocket$669Mortgage P&I$1,89895%Property Taxes$854%Insurance$1337%HOA$352%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,002

Total Expenses

$2,671

Mortgage P&I

95%

$1,898

Property Taxes

4%

$85

Home Insurance

7%

$133

HOA

2%

$35

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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