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$3,468 (target)

8 Long Crested Drive, Banner Elk, NC 28604

3 beds • 3 baths • 1972 sqft

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This property looks like a bad Mid-Term investment with a projected -19.91% first-year return on $227k initial cash invested.

-19.91%

Cash On Cash

1.65%

Cap Rate

0.27

DSCR

$3,468

Rent

-$3,775

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,468 income − $7,243 expenses = $3,775 out of pocket

Income$3,468Out of Pocket$3,775Mortgage P&I$5,009144%Property Taxes$2016%Insurance$34910%HOA$50515%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

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Purchase Price

$998k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$227k

Downpayment

20%

$200k

Closing costs

1%

$9,975

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,468

Total Expenses

$7,243

Mortgage P&I

144%

$5,009

Property Taxes

6%

$201

Home Insurance

10%

$349

HOA

15%

$505

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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