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$2,797 (target)

148 River Haven Drive, Banner Elk, NC 28604

3 beds • 3 baths • 2118 sqft

$1,374,400

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This property looks like a bad Long-Term investment with a projected -24.21% first-year return on $289k initial cash invested.

-24.21%

Cash On Cash

1.02%

Cap Rate

0.17

DSCR

$2,797

Rent

-$5,824

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,797 income − $8,621 expenses = $5,824 out of pocket

Income$2,797Out of Pocket$5,824Mortgage P&I$6,852245%Property Taxes$28010%Insurance$50818%HOA$2539%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$1374k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$289k

Downpayment

20%

$275k

Closing costs

1%

$13,744

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,797

Total Expenses

$8,621

Mortgage P&I

245%

$6,852

Property Taxes

10%

$280

Home Insurance

18%

$508

HOA

9%

$253

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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