REI Lense

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$2,312 (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 Long-Term investment with a projected -24.94% first-year return on $209k initial cash invested.

-24.94%

Cash On Cash

0.93%

Cap Rate

0.15

DSCR

$2,312

Rent

-$4,354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $6,666 expenses = $4,354 out of pocket

Income$2,312Out of Pocket$4,354Mortgage P&I$5,009217%Property Taxes$2019%Insurance$34915%HOA$50522%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$998k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$209k

Downpayment

20%

$200k

Closing costs

1%

$9,975

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,312

Total Expenses

$6,666

Mortgage P&I

217%

$5,009

Property Taxes

9%

$201

Home Insurance

15%

$349

HOA

22%

$505

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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