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$2,463 (target)

1099 Amherst Rd, Morganton, NC 28655

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $84,339 initial cash invested.

-2.49%

Cash On Cash

5.71%

Cap Rate

0.95

DSCR

$2,463

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $2,638 expenses = $175 out of pocket

Income$2,463Out of Pocket$175Mortgage P&I$1,58064%Property Taxes$1084%Insurance$1115%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,339

Downpayment

20%

$63,180

Closing costs

1%

$3,159

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,463

Total Expenses

$2,638

Mortgage P&I

64%

$1,580

Property Taxes

4%

$108

Home Insurance

5%

$111

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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