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106 Upper Grouse Ridge Road, Banner Elk, NC 28604
3 beds • 2 baths • 1527 sqft
$568,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -17.24% first-year return on $119k initial cash invested.
-17.24%
Cash On Cash
2.65%
Cap Rate
0.44
DSCR
$2,222
Rent
-$1,714
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,222 income − $3,936 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,222
Total Expenses
$3,936
Mortgage P&I
129%
$2,857
Property Taxes
13%
$292
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0