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344 & 348 Tumbling Brook Drive, Banner Elk, NC 28604
3 beds • 2 baths • 1428 sqft
$1,249,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -23.67% first-year return on $262k initial cash invested.
-23.67%
Cash On Cash
0.99%
Cap Rate
0.17
DSCR
$1,992
Rent
-$5,174
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,992 income − $7,166 expenses = $5,174 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$250k
Closing costs
1%
$12,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,992
Total Expenses
$7,166
Mortgage P&I
306%
$6,102
Property Taxes
5%
$108
Home Insurance
22%
$437
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0