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$3,654 (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 Long-Term investment with a projected -18.53% first-year return on $212k initial cash invested.

-18.53%

Cash On Cash

2.36%

Cap Rate

0.39

DSCR

$3,654

Rent

-$3,275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,654 income − $6,929 expenses = $3,275 out of pocket

Income$3,654Out of Pocket$3,275Mortgage P&I$5,075139%Property Taxes$43612%Insurance$36810%HOA$1003%Management$36510%CapEx$1835%Vacancy$2196%Maintenance$1835%

Investment Breakdown

|

Purchase Price

$1010k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$212k

Downpayment

20%

$202k

Closing costs

1%

$10,102

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,654

Total Expenses

$6,929

Mortgage P&I

139%

$5,075

Property Taxes

12%

$436

Home Insurance

10%

$368

HOA

3%

$100

Property Management

10%

$365

CapEx

5%

$183

Vacancy

6%

$219

Maintenance

5%

$183

Other

0%

$0

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