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$2,979 (target)

505 Pole Creasman Rd, Asheville, NC 28806

3 beds • 3 baths • 2186 sqft

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This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $135k initial cash invested.

-12.85%

Cash On Cash

3.69%

Cap Rate

0.6

DSCR

$2,979

Rent

-$1,451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $4,430 expenses = $1,451 out of pocket

Income$2,979Out of Pocket$1,451Mortgage P&I$3,286110%Property Taxes$1435%Insurance$2268%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$645k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$129k

Closing costs

1%

$6,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,979

Total Expenses

$4,430

Mortgage P&I

110%

$3,286

Property Taxes

5%

$143

Home Insurance

8%

$226

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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