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220 Morgans Branch Rd, Gastonia, NC 28012

3 beds • 2 baths • 2232 sqft

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This property might be a fair Mid-Term investment with a projected 2.5% first-year return on $114k initial cash invested.

2.5%

Cash On Cash

6.98%

Cap Rate

1.19

DSCR

$4,672

Rent

$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$456k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,120

Closing costs

1%

$4,556

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,672

Total Expenses

$4,435

Mortgage P&I

48%

$2,226

Property Taxes

8%

$388

Home Insurance

3%

$161

HOA

2%

$71

Property Management

12%

$561

CapEx

4%

$187

Vacancy

3%

$140

Maintenance

4%

$187

Other

11%

$514

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