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$3,890 (target)

321 Grays Shadow Lane, Banner Elk, NC 28604

3 beds • 3 baths • 2215 sqft

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This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $143k initial cash invested.

-7.46%

Cash On Cash

4.43%

Cap Rate

0.75

DSCR

$3,890

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,890 income − $4,777 expenses = $887 out of pocket

Income$3,890Out of Pocket$887Mortgage P&I$2,92575%Property Taxes$1434%Insurance$38510%Management$46712%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42811%

Investment Breakdown

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Purchase Price

$594k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,939

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,890

Total Expenses

$4,777

Mortgage P&I

75%

$2,925

Property Taxes

4%

$143

Home Insurance

10%

$385

HOA

0%

$0

Property Management

12%

$467

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$428

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