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3459 Ridgewood Dr, Morganton, NC 28655

3 beds • 2 baths • 1421 sqft

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This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $61,614 initial cash invested.

-7.69%

Cash On Cash

4.56%

Cap Rate

0.78

DSCR

$1,710

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,614

Downpayment

20%

$58,680

Closing costs

1%

$2,934

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,710

Total Expenses

$2,105

Mortgage P&I

83%

$1,424

Property Taxes

8%

$130

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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