REI Lense

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$2,087 (target)

2119 South Rd, Morganton, NC 28655

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Long-Term investment with a projected -3.29% first-year return on $65,961 initial cash invested.

-3.29%

Cash On Cash

5.71%

Cap Rate

0.95

DSCR

$2,087

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,087 income − $2,268 expenses = $181 out of pocket

Income$2,087Out of Pocket$181Mortgage P&I$1,57275%Property Taxes$422%Insurance$1125%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,961

Downpayment

20%

$62,820

Closing costs

1%

$3,141

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,087

Total Expenses

$2,268

Mortgage P&I

75%

$1,572

Property Taxes

2%

$42

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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