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217 Summit Dr, Nebo, NC 28761

3 beds • 3 baths • 2874 sqft

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This property looks like a bad Long-Term investment with a projected -23.87% first-year return on $180k initial cash invested.

-23.87%

Cash On Cash

0.95%

Cap Rate

0.16

DSCR

$1,728

Rent

-$3,582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$857k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$171k

Closing costs

1%

$8,574

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,728

Total Expenses

$5,310

Mortgage P&I

242%

$4,174

Property Taxes

15%

$261

Home Insurance

18%

$308

HOA

7%

$118

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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