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$2,532 (target)

3333 Eastwood Ave, Morganton, NC 28655

3 beds • 2 baths • 1309 sqft

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This property might be a fair Mid-Term investment with a projected 1.13% first-year return on $74,595 initial cash invested.

1.13%

Cash On Cash

6.96%

Cap Rate

1.12

DSCR

$2,532

Rent

$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $2,462 expenses = $70 cash flow

Income$2,532Mortgage P&I$1,39255%Property Taxes$1134%Insurance$964%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%Cash Flow$70

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,532

Total Expenses

$2,462

Mortgage P&I

55%

$1,392

Property Taxes

4%

$113

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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