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$2,583 (target)

825 Pine Ridge Road, Banner Elk, NC 28604

3 beds • 2 baths • 1217 sqft

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This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $95,490 initial cash invested.

-5.84%

Cash On Cash

4.82%

Cap Rate

0.8

DSCR

$2,583

Rent

-$465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,583 income − $3,048 expenses = $465 out of pocket

Income$2,583Out of Pocket$465Mortgage P&I$1,84571%Property Taxes$1978%Insurance$1295%Management$31012%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28411%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,583

Total Expenses

$3,048

Mortgage P&I

71%

$1,845

Property Taxes

8%

$197

Home Insurance

5%

$129

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$284

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