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$4,618 (target)

2958 Corpening Chapel Rd, Morganton, NC 28655

3 beds • 3 baths • 2688 sqft

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This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $139k initial cash invested.

-2.76%

Cash On Cash

5.68%

Cap Rate

0.95

DSCR

$4,618

Rent

-$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,618 income − $4,937 expenses = $319 out of pocket

Income$4,618Out of Pocket$319Mortgage P&I$2,85462%Property Taxes$3117%Insurance$2014%Management$55412%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$50811%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,749

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,618

Total Expenses

$4,937

Mortgage P&I

62%

$2,854

Property Taxes

7%

$311

Home Insurance

4%

$201

HOA

0%

$0

Property Management

12%

$554

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$508

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