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$3,978 (target)

1312 Salem Rd, Morganton, NC 28655

3 beds • 2 baths • 4455 sqft

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This property might be a fair Mid-Term investment with a projected 8.33% first-year return on $90,450 initial cash invested.

8.33%

Cash On Cash

8.9%

Cap Rate

1.44

DSCR

$3,978

Rent

$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,978 income − $3,350 expenses = $628 cash flow

Income$3,978Mortgage P&I$1,77345%Property Taxes$1043%Insurance$1213%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43811%Cash Flow$628

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,978

Total Expenses

$3,350

Mortgage P&I

45%

$1,773

Property Taxes

3%

$104

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$438

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