REI Lense

REI Lense

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$2,465 (target)

132 Gray Cliff Dr, Mooresville, NC 28115

3 beds • 2 baths • 2063 sqft

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This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $89,250 initial cash invested.

-12.46%

Cash On Cash

4.41%

Cap Rate

0.66

DSCR

$2,465

Rent

-$927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,465 income − $3,392 expenses = $927 out of pocket

Income$2,465Out of Pocket$927Mortgage P&I$2,36696%Property Taxes$23710%Insurance$1496%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,465

Total Expenses

$3,392

Mortgage P&I

96%

$2,366

Property Taxes

10%

$237

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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