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109 Fulton Farms Ln #1, Mooresville, NC 28117

3 beds • 3 baths • 2550 sqft

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This property looks like a bad Airbnb investment with a projected -11.36% first-year return on $135k initial cash invested.

-11.36%

Cash On Cash

4.18%

Cap Rate

0.64

DSCR

$4,385

Rent

-$1,276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,385 income − $5,661 expenses = $1,276 out of pocket

Income$4,385Out of Pocket$1,276Mortgage P&I$3,04069%Property Taxes$3187%Insurance$1995%Management$65815%CapEx$1754%Maintenance$1754%Other$1,09625%

Investment Breakdown

|

Purchase Price

$556k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,561

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,385

Total Expenses

$5,661

Mortgage P&I

69%

$3,040

Property Taxes

7%

$318

Home Insurance

5%

$199

HOA

0%

$0

Property Management

15%

$658

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,096

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