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107 Clover Bank Rd, Mooresville, NC 28115

3 beds • 3 baths • 2634 sqft

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This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $158k initial cash invested.

-16.91%

Cash On Cash

2.49%

Cap Rate

0.43

DSCR

$2,750

Rent

-$2,230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$754k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$151k

Closing costs

1%

$7,535

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,750

Total Expenses

$4,980

Mortgage P&I

133%

$3,656

Property Taxes

9%

$261

Home Insurance

10%

$273

HOA

3%

$74

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

132 Hillston Ln, Mooresville, NC 28115

$2,595

3

3

2548

1.8 mi

190 Welcombe St, Mooresville, NC 28115

$2,200

3

2.5

2725

1.9 mi

230 Mott Rd, Mooresville, NC 28115

$1,930

3

2.5

2461

2 mi

141 Peterborough Dr, Mooresville, NC 28115

$1,815

3

2.5

2396

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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