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$2,802 (target)

1226 Pine Grove Rd, Morganton, NC 28655

3 beds • 2 baths • 1841 sqft

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This property might be a fair Mid-Term investment with a projected 3.55% first-year return on $77,640 initial cash invested.

3.55%

Cash On Cash

7.39%

Cap Rate

1.24

DSCR

$2,802

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $2,572 expenses = $230 cash flow

Income$2,802Mortgage P&I$1,40850%Property Taxes$1104%Insurance$1024%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$230

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,640

Downpayment

20%

$56,800

Closing costs

1%

$2,840

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$2,572

Mortgage P&I

50%

$1,408

Property Taxes

4%

$110

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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