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296 Austin Mountain Dr, Burnsville, NC 28714

3 beds • 3 baths • 2071 sqft

$1,395,000

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This property looks like a bad Mid-Term investment with a projected -21.66% first-year return on $311k initial cash invested.

-21.66%

Cash On Cash

1.08%

Cap Rate

0.19

DSCR

$3,820

Rent

-$5,612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,820

Total Expenses

$9,432

Mortgage P&I

176%

$6,710

Property Taxes

15%

$558

Home Insurance

13%

$488

HOA

10%

$377

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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