REI Lense

REI Lense

Unlock all features! Tap here to upgrade

144 English Ivy Ln, Mooresville, NC 28117

3 beds • 3 baths • 2910 sqft

Email

This property looks like a bad Airbnb investment with a projected -14.48% first-year return on $164k initial cash invested.

-14.48%

Cash On Cash

2.89%

Cap Rate

0.48

DSCR

$3,970

Rent

-$1,982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,970 income − $5,952 expenses = $1,982 out of pocket

Income$3,970Out of Pocket$1,982Mortgage P&I$3,50288%Property Taxes$2647%Insurance$2556%HOA$251%Management$59615%CapEx$1594%Maintenance$1594%Other$99225%

Investment Breakdown

|

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

$3,970

Total Expenses

$5,952

Mortgage P&I

88%

$3,502

Property Taxes

7%

$264

Home Insurance

6%

$255

HOA

1%

$25

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$992

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis