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$3,566 (target)

3445 Irish Hills Rd, Morganton, NC 28655

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $116k initial cash invested.

-3.18%

Cash On Cash

5.58%

Cap Rate

0.93

DSCR

$3,566

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,566 income − $3,873 expenses = $307 out of pocket

Income$3,566Out of Pocket$307Mortgage P&I$2,33565%Property Taxes$1574%Insurance$1685%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,300

Closing costs

1%

$4,665

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,566

Total Expenses

$3,873

Mortgage P&I

65%

$2,335

Property Taxes

4%

$157

Home Insurance

5%

$168

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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