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24 Iris St, Asheville, NC 28803

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $68,250 initial cash invested.

-8.74%

Cash On Cash

4.94%

Cap Rate

0.77

DSCR

$2,070

Rent

-$497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,070

Total Expenses

$2,567

Mortgage P&I

84%

$1,730

Property Taxes

9%

$184

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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