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$8,316 (target)

5 Meadow Ridge Dr, Asheville, NC 28804

3 beds • 4 baths • 3616 sqft

$2,089,600

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This property looks like a bad Mid-Term investment with a projected -17.58% first-year return on $457k initial cash invested.

-17.58%

Cash On Cash

2.45%

Cap Rate

0.4

DSCR

$8,316

Rent

-$6,693

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,316 income − $15,009 expenses = $6,693 out of pocket

Income$8,316Out of Pocket$6,693Mortgage P&I$10,626128%Property Taxes$7179%Insurance$7889%HOA$501%Management$99812%CapEx$3334%Vacancy$2493%Maintenance$3334%Other$91511%

Investment Breakdown

|

Purchase Price

$2090k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$457k

Downpayment

20%

$418k

Closing costs

1%

$20,896

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,316

Total Expenses

$15,009

Mortgage P&I

128%

$10,626

Property Taxes

9%

$717

Home Insurance

9%

$788

HOA

1%

$50

Property Management

12%

$998

CapEx

4%

$333

Vacancy

3%

$249

Maintenance

4%

$333

Other

11%

$915

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