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106 Quail Ridge Dr, Mooresville, NC 28117

4 beds • 4 baths • 3442 sqft

$1,299,000

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This property looks like a bad Long-Term investment with a projected -21% first-year return on $273k initial cash invested.

-21%

Cash On Cash

1.64%

Cap Rate

0.28

DSCR

$2,870

Rent

-$4,773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1299k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$273k

Downpayment

20%

$260k

Closing costs

1%

$12,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,870

Total Expenses

$7,643

Mortgage P&I

223%

$6,399

Property Taxes

1%

$42

Home Insurance

16%

$455

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

155 Slocumb Ln, Mooresville, NC 28117

$3,400

4

3.5

2943

1.4 mi

104 Winterberry St, Mooresville, NC 28117

$2,995

4

3.5

2998

1.9 mi

109 Community Park Ln, Mooresville, NC 28117

$2,400

4

3

2968

1.9 mi

107 Community Park Ln, Unit 197, Mooresville, NC 28117

$2,950

4

3

2946

1.9 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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