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$2,132 (target)

2395 Mount Home Church Rd, Morganton, NC 28655

3 beds • 2 baths • 1512 sqft

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This property might be a fair Mid-Term investment with a projected 0.33% first-year return on $66,279 initial cash invested.

0.33%

Cash On Cash

6.98%

Cap Rate

1.08

DSCR

$2,132

Rent

$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,132 income − $2,114 expenses = $18 cash flow

Income$2,132Mortgage P&I$1,23458%Property Taxes$754%Insurance$804%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23511%Cash Flow$18

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,132

Total Expenses

$2,114

Mortgage P&I

58%

$1,234

Property Taxes

4%

$75

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$235

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