310 Old County Home Rd
Asheville, NC 28806
List Price
$199,000
Initial Investment
$54,228Purchase Price
$199,000
Down Payment
25%
Rent
$1,335
Total Return
$121,964
Annualized Return
26.5%
Cap Rate
5.5%
Gross Yield
8.1%
Cash Flow
-$514
Appreciation
10.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Month To Month
Lease Start
02/01/2012
Lease End
M/M
Lot Size
1,742
HOA
None
Flood Risk
Not Required
- Attractive West Asheville location
- Under marketing rent due to long term tenants in place that can walk to work
- New bathroom with new vanity, shower and toilet
- New kitchen cabinets
- New french / foundation drain installed
- Front and back porch were recently replaced and new
- New floor joists and hardwood floors throughout
- The entire home has been newly painted inside & out, as well as a new driveway and new metal roof
- Equipped with a newer, efficient, natural gas furnace & thick coat of insulation in the attic to keep warm economically in the winter
- Fenced in yard, as well as outside storage shed included
- Home could potentially rent for over $1,700/mo to Section 8 with $1,000 sign on bonus
- Pet fee included in monthly rent of $35
See more in Analysis
Annual Financial Highlights
Expected Rent
$15,219Expenses
-$3,614Property Taxes
-$1,300Loan Payments
-$10,819Net Cash Flow
-$514See more in Financials
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