REI Lense

REI Lense

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$2,639 (target)

129 Mooreland Rd, Mooresville, NC 28117

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $125k initial cash invested.

-14.17%

Cash On Cash

3.39%

Cap Rate

0.56

DSCR

$2,639

Rent

-$1,480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,639 income − $4,119 expenses = $1,480 out of pocket

Income$2,639Out of Pocket$1,480Mortgage P&I$3,037115%Property Taxes$1827%Insurance$2098%HOA$5Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$597k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,970

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,639

Total Expenses

$4,119

Mortgage P&I

115%

$3,037

Property Taxes

7%

$182

Home Insurance

8%

$209

HOA

0%

$5

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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