REI Lense

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$2,476 (target)

53 Waynesville Ave, Asheville, NC 28806

3 beds • 4 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -19.25% first-year return on $141k initial cash invested.

-19.25%

Cash On Cash

2.3%

Cap Rate

0.38

DSCR

$2,476

Rent

-$2,261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $4,737 expenses = $2,261 out of pocket

Income$2,476Out of Pocket$2,261Mortgage P&I$3,421138%Property Taxes$43017%Insurance$24110%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$671k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,712

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,476

Total Expenses

$4,737

Mortgage P&I

138%

$3,421

Property Taxes

17%

$430

Home Insurance

10%

$241

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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