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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 Long-Term investment with a projected -17.31% first-year return on $168k initial cash invested.
-17.31%
Cash On Cash
2.64%
Cap Rate
0.44
DSCR
$3,196
Rent
-$2,421
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,196 income − $5,617 expenses = $2,421 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,196
Total Expenses
$5,617
Mortgage P&I
126%
$4,018
Property Taxes
15%
$487
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0