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Long-Term Rental Analysis
83 Overlook Rd, Asheville, NC 28803
$450,000 • 3 beds • 2 baths • 1860 sqft

This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $94,500 initial cash invested.

Cash On Cash
-15.1%
Cap Rate
3.5%
Rent
$2,132
Cashflow
-$1,189
Rent Confidence:  High
Annual
$25,584
Median
$2,025
Avg
$2,059
Samples
25
Financing
Purchase Price  $450k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $94,500
Downpayment  20% $90,000
Closing costs  1% $4,500
Rehab  0% $0
Furnishing  0% $0
Cashflow
Total Income  $2,132
Total Expenses  $3,321
Mortgage P&I  112% $2,395
Property Taxes  10% $213
Home Insurance  7% $158
PManagement  10% $213
CapEx  5% $107
Vacancy  6% $128
Maintenance  5% $107
Other  0% $0
Google Maps with the subject property comparables is loading...
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101100 Palisades Cir, # 400-308$19153213030.8 mi
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121100 Palisades Cir, # 800-108$20253213030.8 mi
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19204 Alpine Ridge Dr$199532.51.2 mi
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2112 Sky Exchange Dr, # 65-102$22293212451.6 mi
2212 Sky Exchange Dr, # 83-117$19943212451.6 mi
2312 Sky Exchange Dr, # 83-102$21973212451.6 mi
2412 Sky Exchange Dr, # 83-202$19943212451.6 mi
2520 Manatee Ct$240032.51.3 mi

Projections