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140 Lower Grouse Ridge Road, Banner Elk, NC 28604
3 beds • 5 baths • 2833 sqft
$799,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -10.47% first-year return on $186k initial cash invested.
-10.47%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$4,794
Rent
-$1,621
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,794 income − $6,415 expenses = $1,621 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,794
Total Expenses
$6,415
Mortgage P&I
84%
$4,018
Property Taxes
10%
$487
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527