REI Lense

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$1,868 (target)

1226 Pine Grove Rd, Morganton, NC 28655

3 beds • 2 baths • 1841 sqft

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This property looks like a bad Long-Term investment with a projected -4.77% first-year return on $59,640 initial cash invested.

-4.77%

Cash On Cash

5.34%

Cap Rate

0.9

DSCR

$1,868

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,868 income − $2,105 expenses = $237 out of pocket

Income$1,868Out of Pocket$237Mortgage P&I$1,40875%Property Taxes$1106%Insurance$1025%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,640

Downpayment

20%

$56,800

Closing costs

1%

$2,840

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,868

Total Expenses

$2,105

Mortgage P&I

75%

$1,408

Property Taxes

6%

$110

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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