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1102 Allman Ridge Rd, Morganton, NC 28655

3 beds • 3 baths • 1693 sqft

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This property might be a fair Mid-Term investment with a projected 1.75% first-year return on $86,229 initial cash invested.

1.75%

Cash On Cash

6.77%

Cap Rate

1.15

DSCR

$2,895

Rent

$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$2,769

Mortgage P&I

55%

$1,591

Property Taxes

3%

$80

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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