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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 Long-Term investment with a projected -15.87% first-year return on $122k initial cash invested.
-15.87%
Cash On Cash
2.84%
Cap Rate
0.48
DSCR
$2,135
Rent
-$1,611
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,135 income − $3,746 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$3,746
Mortgage P&I
135%
$2,877
Property Taxes
5%
$110
Home Insurance
10%
$203
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0