REI Lense

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$3,214 (target)

250 Virginia Ave, Asheville, NC 28806

3 beds • 2 baths • 1064 sqft

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This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $120k initial cash invested.

-7.97%

Cash On Cash

4.45%

Cap Rate

0.73

DSCR

$3,214

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,214 income − $4,013 expenses = $799 out of pocket

Income$3,214Out of Pocket$799Mortgage P&I$2,47877%Property Taxes$2468%Insurance$1755%HOA$201%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,460

Closing costs

1%

$4,873

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,214

Total Expenses

$4,013

Mortgage P&I

77%

$2,478

Property Taxes

8%

$246

Home Insurance

5%

$175

HOA

1%

$20

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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