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$5,481 (target)

2124 Starlight Ln, Morganton, NC 28655

3 beds • 4 baths • 3120 sqft

$1,010,200

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This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $230k initial cash invested.

-12.31%

Cash On Cash

3.48%

Cap Rate

0.58

DSCR

$5,481

Rent

-$2,361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,481 income − $7,842 expenses = $2,361 out of pocket

Income$5,481Out of Pocket$2,361Mortgage P&I$5,07593%Property Taxes$4368%Insurance$3687%HOA$1002%Management$65812%CapEx$2194%Vacancy$1643%Maintenance$2194%Other$60311%

Investment Breakdown

|

Purchase Price

$1010k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$230k

Downpayment

20%

$202k

Closing costs

1%

$10,102

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,481

Total Expenses

$7,842

Mortgage P&I

93%

$5,075

Property Taxes

8%

$436

Home Insurance

7%

$368

HOA

2%

$100

Property Management

12%

$658

CapEx

4%

$219

Vacancy

3%

$164

Maintenance

4%

$219

Other

11%

$603

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