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110 Burkemont Ave, Morganton, NC 28655

3 beds • 2 baths • 1974 sqft

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This property might be a fair Mid-Term investment with a projected 0.45% first-year return on $90,492 initial cash invested.

0.45%

Cash On Cash

6.38%

Cap Rate

1.09

DSCR

$3,044

Rent

$34

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,492

Downpayment

20%

$69,040

Closing costs

1%

$3,452

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$3,010

Mortgage P&I

55%

$1,679

Property Taxes

5%

$142

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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