REI Lense

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$2,097 (target)

108 Henfield Way, Mooresville, NC 28117

3 beds • 3 baths • 1954 sqft

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This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $70,812 initial cash invested.

-12.1%

Cash On Cash

4.46%

Cap Rate

0.67

DSCR

$2,097

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,097 income − $2,811 expenses = $714 out of pocket

Income$2,097Out of Pocket$714Mortgage P&I$1,86189%Property Taxes$26012%Insurance$1266%HOA$181%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$337k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,812

Downpayment

20%

$67,440

Closing costs

1%

$3,372

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,811

Mortgage P&I

89%

$1,861

Property Taxes

12%

$260

Home Insurance

6%

$126

HOA

1%

$18

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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