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$3,051 (target)

232 Westwood Dr, Morganton, NC 28655

3 beds • 3 baths • 2726 sqft

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This property looks like a bad Mid-Term investment with a projected -9.84% first-year return on $129k initial cash invested.

-9.84%

Cash On Cash

3.88%

Cap Rate

0.65

DSCR

$3,051

Rent

-$1,060

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,051 income − $4,111 expenses = $1,060 out of pocket

Income$3,051Out of Pocket$1,060Mortgage P&I$2,65287%Property Taxes$2358%Insurance$1866%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,299

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,051

Total Expenses

$4,111

Mortgage P&I

87%

$2,652

Property Taxes

8%

$235

Home Insurance

6%

$186

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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