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$1,829 (target)

1878 Us Highway 70 W, Morganton, NC 28655

3 beds • 2 baths • 1493 sqft

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This property looks like a bad Long-Term investment with a projected -7.55% first-year return on $61,866 initial cash invested.

-7.55%

Cash On Cash

4.94%

Cap Rate

0.8

DSCR

$1,829

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,829 income − $2,218 expenses = $389 out of pocket

Income$1,829Out of Pocket$389Mortgage P&I$1,51183%Property Taxes$1277%Insurance$1056%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,866

Downpayment

20%

$58,920

Closing costs

1%

$2,946

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,829

Total Expenses

$2,218

Mortgage P&I

83%

$1,511

Property Taxes

7%

$127

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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