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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 -14.45% first-year return on $94,500 initial cash invested.
Cash On Cash
-14.45%
Cap Rate
3.65%
Rent
$2,200
Signal: High
Cashflow
-$1,138
Financing
Purchase Price $450k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $94,500
Downpayment $90,000
Closing costs $4,500
Rehab $0
Furnishing $0
Cashflow
Total Income $2,200
Total Expenses $3,338
Mortgage P&I $2,395
Property Taxes $213
Home Insurance $158
PManagement $220
CapEx $110
Vacancy $132
Maintenance $110
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 447 Crowfields Dr | $2750 | 3 | 2 | 2137 | 0.8 mi |
| 2 | 15 Forest Run Dr | $2450 | 3 | 2 | 1954 | 3.3 mi |
| 3 | 12 Bethel Dr | $2995 | 3 | 2 | 1732 | 3.4 mi |
| 4 | 22 Park Ave | $3500 | 3 | 2.5 | 2000 | 1.7 mi |
| 5 | 170 Birch Ln | $2195 | 3 | 2 | 1616 | 2.5 mi |
| 6 | 99 Pinners Cove Rd | $2200 | 3 | 2 | 2072 | 3 mi |
| 7 | 42 Mountain Site Ln | $1750 | 3 | 2 | 1440 | 1.5 mi |
| 8 | 545 Long Shoals Rd | $2195 | 3 | 2 | 1785 | 4.5 mi |
| 9 | 475 Royal Pines Dr | $2395 | 3 | 2 | 1495 | 3.3 mi |
| 10 | 204 Alpine Ridge Dr | $1995 | 3 | 2.5 | 1.2 mi | |
| 11 | 32 Summer Meadow Rd | $2400 | 3 | 2 | 2000 | 5.6 mi |
| 12 | 12 Fishers Mill Rd | $2000 | 3 | 2 | 1526 | 3.9 mi |
| 13 | 20 Manatee Ct | $2400 | 3 | 2.5 | 1.3 mi | |
| 14 | 132 Alpine Ridge Dr | $2000 | 3 | 2.5 | 1.3 mi | |
| 15 | 10 Manatee Ct, Unit 10 | $2075 | 3 | 2.5 | 1.3 mi | |
| 16 | 3810 Sweeten Creek Rd | $2150 | 3 | 2 | 1440 | 3.4 mi |
| 17 | 15 Manderley Way | $2500 | 3 | 2.5 | 2015 | 4.2 mi |
| 18 | 10 Dansford Ln | $3000 | 3 | 2.5 | 2000 | 4.4 mi |
| 19 | 181 Blake Dr | $2900 | 3 | 1.5 | 2170 | 3.3 mi |
| 20 | 14 Buena Vista Rd | $4000 | 3 | 2 | 1554 | 4.5 mi |
| 21 | 3 Mount Royal Dr | $2400 | 3 | 2 | 3.3 mi | |
| 22 | 111 Alpine Ridge Dr, Unit 111 | $1875 | 3 | 2.5 | 1345 | 1.3 mi |
| 23 | 157 Alpine Ridge Dr | $1750 | 3 | 2.5 | 1325 | 1.2 mi |
| 24 | 192 Alpine Ridge Dr | $1995 | 3 | 2.5 | 1321 | 1.2 mi |
| 25 | 11 Edgewood Rd S | $1900 | 3 | 2 | 1500 | 4.2 mi |