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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 -11.61% first-year return on $87,570 initial cash invested.

Cash On Cash
-11.61%
Cap Rate
4.28%
Rent
$2,300
Signal: Med.
Cashflow
-$847
Financing

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

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

Total Income  $2,300
Total Expenses  $3,147
Mortgage P&I  $2,219
Property Taxes  $184
Home Insurance  $146
PManagement  $230
CapEx  $115
Vacancy  $138
Maintenance  $115
Other  $0
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