Property Analysis for 40 Little Knob Rd, Asheville, NC 28803

Long-Term Rental Analysis

40 Little Knob Rd, Asheville, NC 28803

$365,000 • 3 beds • 1 baths • 1352 sqft

This property looks like a bad Long-Term investment with a projected -7% first-year return on $76,650 initial cash invested.

Cash On Cash

-7%

Cap Rate

4.98%

Rent

$2,230

Cashflow

-$447

Rent Confidence: High

Annual

$26,760

Median

$2,200

Avg

$2,237

Samples

Financing

Purchase Price $365k

Downpayment 20.0%

Interest Rate 6.5%

Mortgage Duration 30yr.

Cash To Invest

Total $76,650

Downpayment 20% $73,000

Closing costs 1% $3,650

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $2,230

Total Expenses $2,677

Mortgage P&I 83% $1,849

Property Taxes 5% $119

Home Insurance 6% $128

PManagement 10% $223

CapEx 5% $112

Vacancy 6% $134

Maintenance 5% $112

Other 0% $0

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#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	1 Gash Farm Rd, Asheville, NC 28805	$1850	3	2	1368	1.1 mi
2	7 Hawthorne Dr, Asheville, NC 28805	$2000	3	1.5	1500	1.7 mi
3	35 Cedar Mountain Rd, Asheville, NC 28803	$2250	3	1.5	1200	1.7 mi
4	11 Belvedere Rd, Asheville, NC 28803	$2395	3	1.5	1275	2.9 mi
5	116 Arnold Rd, Asheville, NC 28805	$1850	3	2	1300	1.8 mi
6	32 Nixon Ter, Asheville, NC 28805	$2450	3	2	1350	2.4 mi
7	22 Oakley Dogwood Dr, Asheville, NC 28803	$1700	3	1	1000	1.7 mi
8	11 Dawson Pl, Asheville, NC 28803	$1995	3	2	1300	2.1 mi
9	96 Avondale Rd, Asheville, NC 28803	$2395	3	2.5	1329	0.9 mi
10	3 Charland Forest Rd, Asheville, NC 28803	$2000	3	1.5		0.5 mi
11	30 Westside Village Rd, Fairview, NC 28730	$2600	3	2	1300	2.3 mi
12	530 Fairview Rd, Asheville, NC 28803	$2400	3	2	1300	2.3 mi
13	83 Taft Ave, Asheville, NC 28803	$2000	3	1.5	1200	2.8 mi
14	522 Fairview Rd, Asheville, NC 28803	$2095	3	2	1290	2.4 mi
15	55 Broadview Dr, Asheville, NC 28803	$2500	3	2	1200	1.4 mi
16	726 Fairview Rd, Asheville, NC 28803	$2200	3	1.5	1100	1.9 mi
17	454 Fairview Rd, Unit A, Asheville, NC 28803	$1500	3	1		2.5 mi
18	20 Robinson Ave, Asheville, NC 28803	$1595	3	1		2.5 mi
19	8 Woodbridge Park Dr, Asheville, NC 28803	$2800	3	2	1503	1.8 mi
20	52 Busbee View Rd, Asheville, NC 28803	$3395	3	2	1262	2.5 mi
21	299 Rose Hill Rd, Asheville, NC 28803	$2650	3	2.5	1400	1.6 mi
22	15 Blalock Ave, Asheville, NC 28803	$2300	3	2	1200	2.3 mi
23	24 Avon Rd, Asheville, NC 28805	$1695	3	1	924	2.3 mi
24	50 Ferncliff Dr, Asheville, NC 28805	$3200	3	2	1507	2.7 mi
25	42 E Porter Rd, Asheville, NC 28803	$2100	2	1	1363	1.1 mi

Projections