REI Lense

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$1,343 (target)

4815 Mount Olive Church Rd, Morganton, NC 28655

3 beds • 2 baths • 1950 sqft

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This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $85,995 initial cash invested.

-18.66%

Cash On Cash

2.43%

Cap Rate

0.4

DSCR

$1,343

Rent

-$1,337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,343 income − $2,680 expenses = $1,337 out of pocket

Income$1,343Out of Pocket$1,337Mortgage P&I$2,100156%Property Taxes$846%Insurance$14711%Management$13410%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,995

Downpayment

20%

$81,900

Closing costs

1%

$4,095

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,343

Total Expenses

$2,680

Mortgage P&I

156%

$2,100

Property Taxes

6%

$84

Home Insurance

11%

$147

HOA

0%

$0

Property Management

10%

$134

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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