REI Lense

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$2,096 (target)

204 Paradise Hills Cir, Mooresville, NC 28115

3 beds • 2 baths • 1583 sqft

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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $80,850 initial cash invested.

-13.67%

Cash On Cash

3.43%

Cap Rate

0.57

DSCR

$2,096

Rent

-$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,096 income − $3,017 expenses = $921 out of pocket

Income$2,096Out of Pocket$921Mortgage P&I$1,91791%Property Taxes$36417%Insurance$1356%HOA$553%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,096

Total Expenses

$3,017

Mortgage P&I

91%

$1,917

Property Taxes

17%

$364

Home Insurance

6%

$135

HOA

3%

$55

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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