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103 Shelter Cove Ln, Mooresville, NC 28117

4 beds • 5 baths • 4393 sqft

$1,437,200

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This property looks like a bad Long-Term investment with a projected -22.63% first-year return on $302k initial cash invested.

-22.63%

Cash On Cash

1.31%

Cap Rate

0.22

DSCR

$3,410

Rent

-$5,692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1437k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$302k

Downpayment

20%

$287k

Closing costs

1%

$14,372

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,410

Total Expenses

$9,102

Mortgage P&I

208%

$7,093

Property Taxes

15%

$502

Home Insurance

15%

$525

HOA

3%

$96

Property Management

10%

$341

CapEx

5%

$170

Vacancy

6%

$205

Maintenance

5%

$170

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

119 Plantation Dr, Mooresville, NC 28117

$4,770

4

4.5

3245

0.1 mi

119 Heron Cove Loop, Mooresville, NC 28117

$3,100

4

4.5

3316

2.7 mi

111 Farmington Ln, Mooresville, NC 28117

$5,595

4

3.5

4749

3.1 mi

704 Kenway Loop, Mooresville, NC 28117

$3,600

4

3

3715

1.6 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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