REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3459 Ridgewood Dr, Morganton, NC 28655

3 beds • 2 baths • 1421 sqft

Email

This property might be a fair Mid-Term investment with a projected 0.5% first-year return on $79,614 initial cash invested.

0.5%

Cash On Cash

6.38%

Cap Rate

1.1

DSCR

$2,565

Rent

$33

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,614

Downpayment

20%

$58,680

Closing costs

1%

$2,934

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$2,532

Mortgage P&I

56%

$1,424

Property Taxes

5%

$130

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis