REI Lense

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$2,283 (target)

1328 Amherst Rd, Morganton, NC 28655

3 beds • 2 baths • 1275 sqft

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This property looks like a bad Mid-Term investment with a projected -0.26% first-year return on $74,679 initial cash invested.

-0.26%

Cash On Cash

6.21%

Cap Rate

1.06

DSCR

$2,283

Rent

-$16

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,283

Total Expenses

$2,299

Mortgage P&I

58%

$1,322

Property Taxes

5%

$108

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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