REI Lense

REI Lense

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$1,753 (target)

182 Kristens Court Dr, Mooresville, NC 28115

3 beds • 2 baths • 1197 sqft

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This property looks like a bad Long-Term investment with a projected -8.14% first-year return on $50,568 initial cash invested.

-8.14%

Cash On Cash

5.18%

Cap Rate

0.8

DSCR

$1,753

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,753 income − $2,096 expenses = $343 out of pocket

Income$1,753Out of Pocket$343Mortgage P&I$1,29574%Property Taxes$23914%Insurance$855%HOA$211%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,568

Downpayment

20%

$48,160

Closing costs

1%

$2,408

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,753

Total Expenses

$2,096

Mortgage P&I

74%

$1,295

Property Taxes

14%

$239

Home Insurance

5%

$85

HOA

1%

$21

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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