REI Lense

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$2,005 (target)

714 Hopewell Rd, Morganton, NC 28655

3 beds • 2 baths • 1797 sqft

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This property might be a fair Long-Term investment with a projected 1.46% first-year return on $51,723 initial cash invested.

1.46%

Cash On Cash

6.83%

Cap Rate

1.13

DSCR

$2,005

Rent

$63

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,005 income − $1,942 expenses = $63 cash flow

Income$2,005Mortgage P&I$1,23862%Property Taxes$161%Insurance$1688%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$63

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,723

Downpayment

20%

$49,260

Closing costs

1%

$2,463

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,005

Total Expenses

$1,942

Mortgage P&I

62%

$1,238

Property Taxes

1%

$16

Home Insurance

8%

$168

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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