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$3,044 (target)

200 Westwood Dr, Morganton, NC 28655

3 beds • 3 baths • 2809 sqft

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This property might be a fair Mid-Term investment with a projected 2.11% first-year return on $87,090 initial cash invested.

2.11%

Cash On Cash

6.98%

Cap Rate

1.17

DSCR

$3,044

Rent

$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $2,891 expenses = $153 cash flow

Income$3,044Mortgage P&I$1,63854%Property Taxes$1033%Insurance$1154%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%Cash Flow$153

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$2,891

Mortgage P&I

54%

$1,638

Property Taxes

3%

$103

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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