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279 State St, Asheville, NC 28806

3 beds • 1 baths • 1001 sqft

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This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $73,500 initial cash invested.

-8.52%

Cash On Cash

4.67%

Cap Rate

$2,150

Rent

-$522

Cashflow

-8.72

Cach on Cash

4.92%

Cap Rate

$3.477

Rent

-%822

Cashflow

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,150

Total Expenses

$2,672

Mortgage P&I

83%

$1,777

Property Taxes

10%

$213

Home Insurance

6%

$122

PManagement

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

41 Langwell Ave, Asheville, NC 28806

$1,645

3

1

1014

0.4 mi

271 State St, Asheville, NC 28806

$1,950

3

1

1050

0 mi

53 Balsam Ave, Asheville, NC 28806

$1,995

3

1

988

1.4 mi

37 Erskine Ave, Asheville, NC 28801

$1,695

3

1

1050

1.5 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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