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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 looks like a bad Long-Term investment with a projected -2.19% first-year return on $73,479 initial cash invested.
-2.19%
Cash On Cash
5.96%
Cap Rate
0.99
DSCR
$2,476
Rent
-$134
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,476 income − $2,610 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$2,610
Mortgage P&I
71%
$1,749
Property Taxes
4%
$94
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0