REI Lense

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$2,094 (target)

321 Sulphur Springs Rd, Asheville, NC 28806

3 beds • 2 baths • 1607 sqft

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This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $107k initial cash invested.

-16.19%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$2,094

Rent

-$1,444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $3,538 expenses = $1,444 out of pocket

Income$2,094Out of Pocket$1,444Mortgage P&I$2,558122%Property Taxes$25112%Insurance$1849%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$510k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,096

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,094

Total Expenses

$3,538

Mortgage P&I

122%

$2,558

Property Taxes

12%

$251

Home Insurance

9%

$184

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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