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$4,282 (target)

273 High Country Overlook, Banner Elk, NC 28604

3 beds • 3 baths • 1626 sqft

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This property looks like a bad Mid-Term investment with a projected -16.68% first-year return on $222k initial cash invested.

-16.68%

Cash On Cash

2.29%

Cap Rate

0.39

DSCR

$4,282

Rent

-$3,093

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,282 income − $7,375 expenses = $3,093 out of pocket

Income$4,282Out of Pocket$3,093Mortgage P&I$4,778112%Property Taxes$2526%Insurance$3859%HOA$50512%Management$51412%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47111%

Investment Breakdown

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Purchase Price

$974k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$222k

Downpayment

20%

$195k

Closing costs

1%

$9,736

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,282

Total Expenses

$7,375

Mortgage P&I

112%

$4,778

Property Taxes

6%

$252

Home Insurance

9%

$385

HOA

12%

$505

Property Management

12%

$514

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$471

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