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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 Airbnb investment with a projected -16.74% first-year return on $326k initial cash invested.

-16.74%

Cash On Cash

2.36%

Cap Rate

0.4

DSCR

$7,058

Rent

-$4,545

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

$326k

Downpayment

20%

$287k

Closing costs

1%

$14,372

Rehab

0%

$0

Furnishing

2%

$24,000

Cashflow

Total Income

$7,058

Total Expenses

$11,603

Mortgage P&I

100%

$7,093

Property Taxes

7%

$502

Home Insurance

7%

$525

HOA

1%

$96

Property Management

15%

$1,059

CapEx

4%

$282

Vacancy

0%

$0

Maintenance

4%

$282

Other

25%

$1,764

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Comparable Property

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ADR

Beds

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3

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3

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4

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2

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2

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5

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0.6 mi

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$1,100

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2

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$2,850

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