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$6,441 (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 Mid-Term investment with a projected -19.42% first-year return on $396k initial cash invested.

-19.42%

Cash On Cash

2%

Cap Rate

0.33

DSCR

$6,441

Rent

-$6,406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,441 income − $12,847 expenses = $6,406 out of pocket

Income$6,441Out of Pocket$6,406Mortgage P&I$9,150142%Property Taxes$3385%Insurance$66310%HOA$5058%Management$77312%CapEx$2584%Vacancy$1933%Maintenance$2584%Other$70911%

Investment Breakdown

|

Purchase Price

$1800k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$396k

Downpayment

20%

$360k

Closing costs

1%

$17,995

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,441

Total Expenses

$12,847

Mortgage P&I

142%

$9,150

Property Taxes

5%

$338

Home Insurance

10%

$663

HOA

8%

$505

Property Management

12%

$773

CapEx

4%

$258

Vacancy

3%

$193

Maintenance

4%

$258

Other

11%

$709

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