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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 Mid-Term investment with a projected -20.02% first-year return on $280k initial cash invested.
-20.02%
Cash On Cash
1.48%
Cap Rate
0.25
DSCR
$2,988
Rent
-$4,677
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,988 income − $7,665 expenses = $4,677 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$250k
Closing costs
1%
$12,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$7,665
Mortgage P&I
204%
$6,102
Property Taxes
4%
$108
Home Insurance
15%
$437
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329