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$1,887 (target)

144 Ginger Ln, Mooresville, NC 28115

3 beds • 2 baths • 1903 sqft

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This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $77,514 initial cash invested.

-8.24%

Cash On Cash

4.81%

Cap Rate

0.71

DSCR

$1,887

Rent

-$532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,419 expenses = $532 out of pocket

Income$1,887Out of Pocket$532Mortgage P&I$1,59484%Property Taxes$824%Insurance$1025%Management$22612%CapEx$754%Vacancy$573%Maintenance$754%Other$20811%

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,514

Downpayment

20%

$56,680

Closing costs

1%

$2,834

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,887

Total Expenses

$2,419

Mortgage P&I

84%

$1,594

Property Taxes

4%

$82

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$226

CapEx

4%

$75

Vacancy

3%

$57

Maintenance

4%

$75

Other

11%

$208

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