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$5,486 (target)

122 Brookridge Ln, Mooresville, NC 28117

3 beds • 3 baths • 3173 sqft

$1,017,500

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This property looks like a bad Mid-Term investment with a projected -13.87% first-year return on $232k initial cash invested.

-13.87%

Cash On Cash

3.66%

Cap Rate

0.56

DSCR

$5,486

Rent

-$2,677

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,486 income − $8,163 expenses = $2,677 out of pocket

Income$5,486Out of Pocket$2,677Mortgage P&I$5,558101%Property Taxes$3747%Insurance$3677%Management$65812%CapEx$2194%Vacancy$1653%Maintenance$2194%Other$60311%

Investment Breakdown

|

Purchase Price

$1018k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$232k

Downpayment

20%

$204k

Closing costs

1%

$10,175

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,486

Total Expenses

$8,163

Mortgage P&I

101%

$5,558

Property Taxes

7%

$374

Home Insurance

7%

$367

HOA

0%

$0

Property Management

12%

$658

CapEx

4%

$219

Vacancy

3%

$165

Maintenance

4%

$219

Other

11%

$603

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