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$4,294 (target)

37 Tioga Drive, Banner Elk, NC 28604

3 beds • 4 baths • 2470 sqft

$1,799,500

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This property looks like a bad Long-Term investment with a projected -23.75% first-year return on $378k initial cash invested.

-23.75%

Cash On Cash

1.26%

Cap Rate

0.21

DSCR

$4,294

Rent

-$7,479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,294 income − $11,773 expenses = $7,479 out of pocket

Income$4,294Out of Pocket$7,479Mortgage P&I$9,150213%Property Taxes$3388%Insurance$66315%HOA$50512%Management$42910%CapEx$2155%Vacancy$2586%Maintenance$2155%

Investment Breakdown

|

Purchase Price

$1800k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$378k

Downpayment

20%

$360k

Closing costs

1%

$17,995

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,294

Total Expenses

$11,773

Mortgage P&I

213%

$9,150

Property Taxes

8%

$338

Home Insurance

15%

$663

HOA

12%

$505

Property Management

10%

$429

CapEx

5%

$215

Vacancy

6%

$258

Maintenance

5%

$215

Other

0%

$0

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