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218 Culpeze Rd, Mooresville, NC 28117

3 beds • 3 baths • 3057 sqft

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This property looks like a bad Airbnb investment with a projected -18.15% first-year return on $182k initial cash invested.

-18.15%

Cash On Cash

2.61%

Cap Rate

0.4

DSCR

$4,285

Rent

-$2,755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,285 income − $7,040 expenses = $2,755 out of pocket

Income$4,285Out of Pocket$2,755Mortgage P&I$4,281100%Property Taxes$42310%Insurance$2807%Management$64315%CapEx$1714%Maintenance$1714%Other$1,07125%

Investment Breakdown

|

Purchase Price

$782k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$182k

Downpayment

20%

$156k

Closing costs

1%

$7,816

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,285

Total Expenses

$7,040

Mortgage P&I

100%

$4,281

Property Taxes

10%

$423

Home Insurance

7%

$280

HOA

0%

$0

Property Management

15%

$643

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,071

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