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349 Gorman Bridge Rd, Asheville, NC 28806

3 beds • 2 baths • 1129 sqft

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This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $81,900 initial cash invested.

-9.99%

Cash On Cash

3.96%

Cap Rate

0.69

DSCR

$1,880

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,880

Total Expenses

$2,562

Mortgage P&I

100%

$1,875

Property Taxes

3%

$62

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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Comparable Property

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SQFT

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1080

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3

2

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3

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1104

1.9 mi

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4

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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$2,850

5

4

3030

0.6 mi

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2

1

2020

0.9 mi

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5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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