REI Lense

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$1,874 (target)

5793 Piedmont Road, Morganton, NC 28655

3 beds • 2 baths • 1665 sqft

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This property might be a fair Mid-Term investment with a projected 1.38% first-year return on $59,790 initial cash invested.

1.38%

Cash On Cash

7.16%

Cap Rate

1.14

DSCR

$1,874

Rent

$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,874

Total Expenses

$1,805

Mortgage P&I

56%

$1,043

Property Taxes

3%

$55

Home Insurance

4%

$70

HOA

0%

$0

Property Management

12%

$225

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$206

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