REI Lense

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$3,022 (target)

165 Little Boulder Lane, Banner Elk, NC 28604

3 beds • 3 baths • 2077 sqft

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This property looks like a bad Long-Term investment with a projected -18.09% first-year return on $188k initial cash invested.

-18.09%

Cash On Cash

2.26%

Cap Rate

0.39

DSCR

$3,022

Rent

-$2,834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $5,856 expenses = $2,834 out of pocket

Income$3,022Out of Pocket$2,834Mortgage P&I$4,367145%Property Taxes$33311%Insurance$31310%HOA$582%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$895k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$188k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,022

Total Expenses

$5,856

Mortgage P&I

145%

$4,367

Property Taxes

11%

$333

Home Insurance

10%

$313

HOA

2%

$58

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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