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$2,924 (target)

55 Banks Town Rd, Weaverville, NC 28787

3 beds • 3 baths • 1530 sqft

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This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $113k initial cash invested.

-7.35%

Cash On Cash

4.56%

Cap Rate

0.75

DSCR

$2,924

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $3,613 expenses = $689 out of pocket

Income$2,924Out of Pocket$689Mortgage P&I$2,28378%Property Taxes$1776%Insurance$1585%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$3,613

Mortgage P&I

78%

$2,283

Property Taxes

6%

$177

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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