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124 Direct Dr, Mooresville, NC 28117

4 beds • 6 baths • 6198 sqft

$1,828,200

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This property looks like a bad Long-Term investment with a projected -24.76% first-year return on $384k initial cash invested.

-24.76%

Cash On Cash

0.82%

Cap Rate

0.14

DSCR

$3,220

Rent

-$7,920

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1828k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$384k

Downpayment

20%

$366k

Closing costs

1%

$18,282

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,220

Total Expenses

$11,140

Mortgage P&I

280%

$9,005

Property Taxes

16%

$516

Home Insurance

21%

$663

HOA

4%

$119

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

111 Farmington Ln, Mooresville, NC 28117

$5,595

4

3.5

4749

1.4 mi

129 Clusters Cir, Mooresville, NC 28117

$1,995

4

2.5

1.2 mi

173 Waddell Rd, Mooresville, NC 28117

$5,000

4

2

1.9 mi

128 Yellowbell Rd, Mooresville, NC 28117

$3,200

4

3.5

3150

0.6 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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