REI Lense

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$4,030 (target)

122 Nantucket Ct, Mooresville, NC 28117

3 beds • 2 baths • 1878 sqft

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This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $119k initial cash invested.

-3.14%

Cash On Cash

5.61%

Cap Rate

0.94

DSCR

$4,030

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,030 income − $4,340 expenses = $310 out of pocket

Income$4,030Out of Pocket$310Mortgage P&I$2,39059%Property Taxes$3629%Insurance$1684%HOA$501%Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,030

Total Expenses

$4,340

Mortgage P&I

59%

$2,390

Property Taxes

9%

$362

Home Insurance

4%

$168

HOA

1%

$50

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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