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221 Summit St, Asheville, NC 28803

3 beds • 2 baths • 1734 sqft

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This property looks like a bad Long-Term investment with a projected -10.95% first-year return on $105k initial cash invested.

-10.95%

Cash On Cash

3.92%

Cap Rate

0.66

DSCR

$2,600

Rent

-$956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,600

Total Expenses

$3,556

Mortgage P&I

94%

$2,454

Property Taxes

10%

$251

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

20 Winding Rd, Asheville, NC 28803

$4,000

3

2

1680

0.8 mi

177 Chiles Ave, Asheville, NC 28803

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3

2

1756

1.1 mi

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$3,500

3

2

1745

1.2 mi

367 London Rd, Asheville, NC 28803

$2,000

3

2

1530

0.7 mi

104 W Rancho Del Cerro

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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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