REI Lense

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$2,272 (target)

175 Westmoreland Rd, Mooresville, NC 28115

3 beds • 2 baths • 3560 sqft

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This property might be a fair Long-Term investment with a projected 5.76% first-year return on $53,550 initial cash invested.

5.76%

Cash On Cash

7.77%

Cap Rate

1.29

DSCR

$2,272

Rent

$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $2,015 expenses = $257 cash flow

Income$2,272Mortgage P&I$1,28056%Property Taxes$552%Insurance$894%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%Cash Flow$257

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,272

Total Expenses

$2,015

Mortgage P&I

56%

$1,280

Property Taxes

2%

$55

Home Insurance

4%

$89

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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