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108 Morningside Dr, Asheville, NC 28806

3 beds • 1 baths • 1029 sqft

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This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $83,790 initial cash invested.

-13.46%

Cash On Cash

3.97%

Cap Rate

$2,140

Rent

-$940

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$3,080

Mortgage P&I

101%

$2,152

Property Taxes

11%

$232

Home Insurance

7%

$140

PManagement

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

41 Langwell Ave, Asheville, NC 28806

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1

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0.7 mi

271 State St, Asheville, NC 28806

$1,950

3

1

1050

0.9 mi

53 Balsam Ave, Asheville, NC 28806

$1,995

3

1

988

1.1 mi

15 Oakcrest Pl, Asheville, NC 28806

$1,725

3

1

1000

1.4 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

2022 S American St

$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

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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