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144 English Ivy Ln, Mooresville, NC 28117

3 beds • 3 baths • 2910 sqft

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This property looks like a bad Airbnb investment with a projected -14.01% first-year return on $164k initial cash invested.

-14.01%

Cash On Cash

3.01%

Cap Rate

0.5

DSCR

$4,095

Rent

-$1,917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,095 income − $6,012 expenses = $1,917 out of pocket

Income$4,095Out of Pocket$1,917Mortgage P&I$3,50286%Property Taxes$2646%Insurance$2556%HOA$251%Management$61415%CapEx$1644%Maintenance$1644%Other$1,02425%

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

$4,095

Total Expenses

$6,012

Mortgage P&I

86%

$3,502

Property Taxes

6%

$264

Home Insurance

6%

$255

HOA

1%

$25

Property Management

15%

$614

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,024

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