REI Lense

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$4,471 (target)

218 Culpeze Rd, Mooresville, NC 28117

3 beds • 3 baths • 3057 sqft

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This property looks like a bad Long-Term investment with a projected -12.25% first-year return on $164k initial cash invested.

-12.25%

Cash On Cash

4.34%

Cap Rate

0.66

DSCR

$4,471

Rent

-$1,676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,471 income − $6,147 expenses = $1,676 out of pocket

Income$4,471Out of Pocket$1,676Mortgage P&I$4,28196%Property Taxes$4239%Insurance$2806%Management$44710%CapEx$2245%Vacancy$2686%Maintenance$2245%

Investment Breakdown

|

Purchase Price

$782k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$156k

Closing costs

1%

$7,816

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,471

Total Expenses

$6,147

Mortgage P&I

96%

$4,281

Property Taxes

9%

$423

Home Insurance

6%

$280

HOA

0%

$0

Property Management

10%

$447

CapEx

5%

$224

Vacancy

6%

$268

Maintenance

5%

$224

Other

0%

$0

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