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129 Mooreland Rd, Mooresville, NC 28117

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $143k initial cash invested.

-10.32%

Cash On Cash

3.97%

Cap Rate

0.65

DSCR

$4,230

Rent

-$1,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,230 income − $5,463 expenses = $1,233 out of pocket

Income$4,230Out of Pocket$1,233Mortgage P&I$3,03772%Property Taxes$1824%Insurance$2095%HOA$5Management$63415%CapEx$1694%Maintenance$1694%Other$1,05825%

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

$4,230

Total Expenses

$5,463

Mortgage P&I

72%

$3,037

Property Taxes

4%

$182

Home Insurance

5%

$209

HOA

0%

$5

Property Management

15%

$634

CapEx

4%

$169

Vacancy

0%

$0

Maintenance

4%

$169

Other

25%

$1,058

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