REI Lense

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$4,952 (target)

144 English Ivy Ln, Mooresville, NC 28117

3 beds • 3 baths • 2910 sqft

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This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $164k initial cash invested.

-5.68%

Cash On Cash

5.04%

Cap Rate

0.83

DSCR

$4,952

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,952 income − $5,730 expenses = $778 out of pocket

Income$4,952Out of Pocket$778Mortgage P&I$3,50271%Property Taxes$2645%Insurance$2555%HOA$251%Management$59412%CapEx$1984%Vacancy$1493%Maintenance$1984%Other$54511%

Investment Breakdown

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Purchase Price

$696k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,963

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,952

Total Expenses

$5,730

Mortgage P&I

71%

$3,502

Property Taxes

5%

$264

Home Insurance

5%

$255

HOA

1%

$25

Property Management

12%

$594

CapEx

4%

$198

Vacancy

3%

$149

Maintenance

4%

$198

Other

11%

$545

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