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20 Michigan Ave, Asheville, NC 28806

2 beds • 1 baths • 1019 sqft

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This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $85,050 initial cash invested.

-12.16%

Cash On Cash

3.48%

Cap Rate

0.61

DSCR

$1,900

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,050

Downpayment

20%

$81,000

Closing costs

1%

$4,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,762

Mortgage P&I

102%

$1,943

Property Taxes

10%

$183

Home Insurance

7%

$142

PManagement

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

25 Parkman Pl, Asheville, NC 28806

$2,300

2

1

1000

0.3 mi

58 Longview Rd, Asheville, NC 28806

$1,695

2

1

984

0.4 mi

51 Clifton Ave, Asheville, NC 28806

$1,975

2

1

1034

0.8 mi

217 Fayetteville St, Asheville, NC 28806

$1,550

2

1

982

0.7 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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