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737 Lower Crab Orchard Road, Banner Elk, NC 28604
3 beds • 2 baths • 1904 sqft
$349,900
View on ZillowThis property might be a fair Mid-Term investment with a projected 6.36% first-year return on $91,479 initial cash invested.
6.36%
Cash On Cash
8.17%
Cap Rate
1.36
DSCR
$3,714
Rent
$485
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,714 income − $3,229 expenses = $485 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$3,229
Mortgage P&I
47%
$1,749
Property Taxes
3%
$94
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409