REI Lense

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$3,698 (target)

132 Gray Cliff Dr, Mooresville, NC 28115

3 beds • 2 baths • 2063 sqft

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This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $107k initial cash invested.

-3.49%

Cash On Cash

6.22%

Cap Rate

0.93

DSCR

$3,698

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $4,010 expenses = $312 out of pocket

Income$3,698Out of Pocket$312Mortgage P&I$2,36664%Property Taxes$2376%Insurance$1494%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$4,010

Mortgage P&I

64%

$2,366

Property Taxes

6%

$237

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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