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Long-Term Rental Analysis
24 Iris St, Asheville, NC 28803
$325,0003 beds • 2 baths • 1056 sqft

This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $68,250 initial cash invested.

Cash On Cash
-7.03%
Cap Rate
5.32%
Rent
$2,200
Signal: High
Cashflow
-$400
Financing

Purchase Price  $325k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $68,250
Downpayment  $65,000
Closing costs  $3,250
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $2,200
Total Expenses  $2,600
Mortgage P&I  $1,730
Property Taxes  $184
Home Insurance  $114
PManagement  $220
CapEx  $110
Vacancy  $132
Maintenance  $110
Other  $0
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