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Long-Term Rental Analysis
243 Hi Alta Ave #3, Asheville, NC 28806
$417,0003 beds • 2 baths • 1350 sqft

This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $87,570 initial cash invested.

Cash On Cash
-12.33%
Cap Rate
4.12%
Rent
$2,230
Cashflow
-$900
Financing

Purchase Price  $417k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $87,570
Downpayment  20% $83,400
Closing costs  1% $4,170
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $2,230
Total Expenses  $3,130
Mortgage P&I  100% $2,219
Property Taxes  8% $184
Home Insurance  7% $146
PManagement  10% $223
CapEx  5% $112
Vacancy  6% $134
Maintenance  5% $112
Other  0% $0
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