REI Lense

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$4,110 (target)

137 Purple Finch Ln, Mooresville, NC 28117

3 beds • 3 baths • 1991 sqft

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This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $134k initial cash invested.

-4.25%

Cash On Cash

5.37%

Cap Rate

0.89

DSCR

$4,110

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,110 income − $4,585 expenses = $475 out of pocket

Income$4,110Out of Pocket$475Mortgage P&I$2,78368%Property Taxes$2336%Insurance$1734%Management$49312%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45211%

Investment Breakdown

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Purchase Price

$552k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,522

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,110

Total Expenses

$4,585

Mortgage P&I

68%

$2,783

Property Taxes

6%

$233

Home Insurance

4%

$173

HOA

0%

$0

Property Management

12%

$493

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$452

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