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1109 S Magnolia St, Mooresville, NC 28115

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Airbnb investment with a projected -8.63% first-year return on $79,719 initial cash invested.

-8.63%

Cash On Cash

4.26%

Cap Rate

0.69

DSCR

$2,575

Rent

-$573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,575 income − $3,148 expenses = $573 out of pocket

Income$2,575Out of Pocket$573Mortgage P&I$1,51459%Property Taxes$29311%Insurance$1054%Management$38615%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,719

Downpayment

20%

$58,780

Closing costs

1%

$2,939

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,575

Total Expenses

$3,148

Mortgage P&I

59%

$1,514

Property Taxes

11%

$293

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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