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$2,744 (target)

1878 Us Highway 70 W, Morganton, NC 28655

3 beds • 2 baths • 1493 sqft

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This property might be a fair Mid-Term investment with a projected 1.02% first-year return on $79,866 initial cash invested.

1.02%

Cash On Cash

6.88%

Cap Rate

1.12

DSCR

$2,744

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,744 income − $2,676 expenses = $68 cash flow

Income$2,744Mortgage P&I$1,51155%Property Taxes$1275%Insurance$1054%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$68

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,866

Downpayment

20%

$58,920

Closing costs

1%

$2,946

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,744

Total Expenses

$2,676

Mortgage P&I

55%

$1,511

Property Taxes

5%

$127

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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