REI Lense

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$2,029 (target)

200 Westwood Dr, Morganton, NC 28655

3 beds • 3 baths • 2809 sqft

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This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $69,090 initial cash invested.

-6.15%

Cash On Cash

5.05%

Cap Rate

0.85

DSCR

$2,029

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,029 income − $2,383 expenses = $354 out of pocket

Income$2,029Out of Pocket$354Mortgage P&I$1,63881%Property Taxes$1035%Insurance$1156%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,029

Total Expenses

$2,383

Mortgage P&I

81%

$1,638

Property Taxes

5%

$103

Home Insurance

6%

$115

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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