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133 & 135 Locust Ridge Road, Banner Elk, NC 28604
3 beds • 3 baths • 1507 sqft
$579,900
View on ZillowThis property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $140k initial cash invested.
-9.24%
Cash On Cash
3.99%
Cap Rate
0.67
DSCR
$3,202
Rent
-$1,076
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,202 income − $4,278 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,202
Total Expenses
$4,278
Mortgage P&I
90%
$2,877
Property Taxes
3%
$110
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352