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$3,079 (target)

2958 Corpening Chapel Rd, Morganton, NC 28655

3 beds • 3 baths • 2688 sqft

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This property looks like a bad Long-Term investment with a projected -10.81% first-year return on $121k initial cash invested.

-10.81%

Cash On Cash

4.01%

Cap Rate

0.67

DSCR

$3,079

Rent

-$1,088

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,079 income − $4,167 expenses = $1,088 out of pocket

Income$3,079Out of Pocket$1,088Mortgage P&I$2,85493%Property Taxes$31110%Insurance$2017%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,079

Total Expenses

$4,167

Mortgage P&I

93%

$2,854

Property Taxes

10%

$311

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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