REI Lense

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$3,474 (target)

112 Kingsway Dr, Mooresville, NC 28115

3 beds • 3 baths • 2236 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $102k initial cash invested.

-2.94%

Cash On Cash

5.57%

Cap Rate

0.94

DSCR

$3,474

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,474 income − $3,723 expenses = $249 out of pocket

Income$3,474Out of Pocket$249Mortgage P&I$1,95956%Property Taxes$38711%Insurance$1424%HOA$542%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,700

Closing costs

1%

$3,985

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,474

Total Expenses

$3,723

Mortgage P&I

56%

$1,959

Property Taxes

11%

$387

Home Insurance

4%

$142

HOA

2%

$54

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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