REI Lense

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$2,481 (target)

17 Berry Hill Rd, Asheville, NC 28806

3 beds • 2 baths • 1575 sqft

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This property looks like a bad Long-Term investment with a projected -9.21% first-year return on $83,013 initial cash invested.

-9.21%

Cash On Cash

5.11%

Cap Rate

0.77

DSCR

$2,481

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $3,118 expenses = $637 out of pocket

Income$2,481Out of Pocket$637Mortgage P&I$2,19588%Property Taxes$1386%Insurance$1406%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,013

Downpayment

20%

$79,060

Closing costs

1%

$3,953

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,481

Total Expenses

$3,118

Mortgage P&I

88%

$2,195

Property Taxes

6%

$138

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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