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21 Mount Carmel Dr #149, Asheville, NC 28806

3 beds • 2 baths • 1230 sqft

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This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $73,500 initial cash invested.

-8.7%

Cash On Cash

4.53%

Cap Rate

0.75

DSCR

$2,020

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,553

Mortgage P&I

87%

$1,754

Property Taxes

8%

$152

Home Insurance

6%

$122

PManagement

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

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0.2 mi

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3

2

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2.6 mi

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$2,400

3

2

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2.4 mi

140 Northbend Dr, Asheville, NC 28804

$2,350

3

2.5

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1.6 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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