REI Lense

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$4,868 (target)

133 Lake Pine Rd, Mooresville, NC 28117

3 beds • 3 baths • 2420 sqft

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This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $173k initial cash invested.

-8.37%

Cash On Cash

4.41%

Cap Rate

0.73

DSCR

$4,868

Rent

-$1,207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,868 income − $6,075 expenses = $1,207 out of pocket

Income$4,868Out of Pocket$1,207Mortgage P&I$3,72476%Property Taxes$2475%Insurance$2665%HOA$1834%Management$58412%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53511%

Investment Breakdown

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Purchase Price

$739k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$148k

Closing costs

1%

$7,387

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,868

Total Expenses

$6,075

Mortgage P&I

77%

$3,724

Property Taxes

5%

$247

Home Insurance

5%

$266

HOA

4%

$183

Property Management

12%

$584

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$535

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