REI Lense

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$3,130 (target)

2119 South Rd, Morganton, NC 28655

3 beds • 2 baths • 1356 sqft

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This property might be a fair Mid-Term investment with a projected 4.86% first-year return on $83,961 initial cash invested.

4.86%

Cash On Cash

7.78%

Cap Rate

1.3

DSCR

$3,130

Rent

$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,130 income − $2,790 expenses = $340 cash flow

Income$3,130Mortgage P&I$1,57250%Property Taxes$421%Insurance$1124%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34411%Cash Flow$340

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,961

Downpayment

20%

$62,820

Closing costs

1%

$3,141

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,130

Total Expenses

$2,790

Mortgage P&I

50%

$1,572

Property Taxes

1%

$42

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$344

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