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1212 Coddle Creek Hwy, Mooresville, NC 28115

4 beds • 3 baths • 2281 sqft

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This property looks like a bad Airbnb investment with a projected -5.63% first-year return on $113k initial cash invested.

-5.63%

Cash On Cash

4.81%

Cap Rate

0.82

DSCR

$3,622

Rent

-$530

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$84,800

Closing costs

1%

$4,240

Rehab

0%

$0

Furnishing

6%

$24,000

Cashflow

Total Income

$3,622

Total Expenses

$4,152

Mortgage P&I

58%

$2,085

Property Taxes

5%

$180

Home Insurance

4%

$148

HOA

0%

$0

Property Management

15%

$543

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

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