REI Lense

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$2,030 (target)

127 Citation Dr, Mooresville, NC 28117

3 beds • 3 baths • 1536 sqft

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This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $74,340 initial cash invested.

-11.43%

Cash On Cash

3.88%

Cap Rate

0.65

DSCR

$2,030

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,030 income − $2,738 expenses = $708 out of pocket

Income$2,030Out of Pocket$708Mortgage P&I$1,75086%Property Taxes$33316%Insurance$1266%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,340

Downpayment

20%

$70,800

Closing costs

1%

$3,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,030

Total Expenses

$2,738

Mortgage P&I

86%

$1,750

Property Taxes

16%

$333

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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