REI Lense

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$3,958 (target)

129 Mooreland Rd, Mooresville, NC 28117

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $143k initial cash invested.

-6.86%

Cash On Cash

4.77%

Cap Rate

0.78

DSCR

$3,958

Rent

-$820

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,958 income − $4,778 expenses = $820 out of pocket

Income$3,958Out of Pocket$820Mortgage P&I$3,03777%Property Taxes$1825%Insurance$2095%HOA$5Management$47512%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43511%

Investment Breakdown

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Purchase Price

$597k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,970

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,958

Total Expenses

$4,778

Mortgage P&I

77%

$3,037

Property Taxes

5%

$182

Home Insurance

5%

$209

HOA

0%

$5

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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