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516 Lafayette Ave, Asheville, NC 28805

3 beds • 2 baths • 1290 sqft

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This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $81,900 initial cash invested.

-7.74%

Cash On Cash

4.74%

Cap Rate

0.79

DSCR

$2,230

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,230

Total Expenses

$2,758

Mortgage P&I

88%

$1,955

Property Taxes

4%

$86

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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Comparable Property

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Beds

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SQFT

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2

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2

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1.3 mi

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2

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0.9 mi

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5

4

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0.6 mi

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2

1

2020

0.9 mi

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5

4

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0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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