REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,630 (target)

214 Short Michigan Ave, Asheville, NC 28806

3 beds • 2 baths • 972 sqft

Email

This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $81,504 initial cash invested.

-2.05%

Cash On Cash

5.98%

Cap Rate

0.98

DSCR

$2,630

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,630 income − $2,769 expenses = $139 out of pocket

Income$2,630Out of Pocket$139Mortgage P&I$1,54159%Property Taxes$2269%Insurance$1084%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

|

Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,504

Downpayment

20%

$60,480

Closing costs

1%

$3,024

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,630

Total Expenses

$2,769

Mortgage P&I

59%

$1,541

Property Taxes

9%

$226

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis