REI Lense

REI Lense

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$2,687 (target)

122 Nantucket Ct, Mooresville, NC 28117

3 beds • 2 baths • 1878 sqft

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This property looks like a bad Long-Term investment with a projected -11.7% first-year return on $101k initial cash invested.

-11.7%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$2,687

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,687 income − $3,668 expenses = $981 out of pocket

Income$2,687Out of Pocket$981Mortgage P&I$2,39089%Property Taxes$36213%Insurance$1686%HOA$502%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,687

Total Expenses

$3,668

Mortgage P&I

89%

$2,390

Property Taxes

13%

$362

Home Insurance

6%

$168

HOA

2%

$50

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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