REI Lense

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$2,034 (target)

232 Westwood Dr, Morganton, NC 28655

3 beds • 3 baths • 2726 sqft

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This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $111k initial cash invested.

-16.91%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$2,034

Rent

-$1,568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,034 income − $3,602 expenses = $1,568 out of pocket

Income$2,034Out of Pocket$1,568Mortgage P&I$2,652130%Property Taxes$23512%Insurance$1869%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,034

Total Expenses

$3,602

Mortgage P&I

130%

$2,652

Property Taxes

12%

$235

Home Insurance

9%

$186

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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