REI Lense

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$3,016 (target)

150 Slocumb Ln, Mooresville, NC 28117

3 beds • 2 baths • 2377 sqft

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This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $156k initial cash invested.

-19.22%

Cash On Cash

2.75%

Cap Rate

0.42

DSCR

$3,016

Rent

-$2,500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,016 income − $5,516 expenses = $2,500 out of pocket

Income$3,016Out of Pocket$2,500Mortgage P&I$4,051134%Property Taxes$30110%Insurance$2669%HOA$1134%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$743k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$149k

Closing costs

1%

$7,432

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,016

Total Expenses

$5,516

Mortgage P&I

134%

$4,051

Property Taxes

10%

$301

Home Insurance

9%

$266

HOA

4%

$113

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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