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$2,976 (target)

128 Wickford Ln, Mooresville, NC 28117

3 beds • 3 baths • 2164 sqft

$1,795,000

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This property looks like a bad Long-Term investment with a projected -28.72% first-year return on $377k initial cash invested.

-28.72%

Cash On Cash

0.95%

Cap Rate

0.14

DSCR

$2,976

Rent

-$9,023

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,976 income − $11,999 expenses = $9,023 out of pocket

Income$2,976Out of Pocket$9,023Mortgage P&I$10,288346%Property Taxes$30810%Insurance$62821%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

|

Purchase Price

$1795k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$377k

Downpayment

20%

$359k

Closing costs

1%

$17,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,976

Total Expenses

$11,999

Mortgage P&I

346%

$10,288

Property Taxes

10%

$308

Home Insurance

21%

$628

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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