REI Lense

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$2,313 (target)

236 Heritage Pl, Mooresville, NC 28115

3 beds • 2 baths • 1910 sqft

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This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $73,290 initial cash invested.

-8.3%

Cash On Cash

4.65%

Cap Rate

0.78

DSCR

$2,313

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,313 income − $2,820 expenses = $507 out of pocket

Income$2,313Out of Pocket$507Mortgage P&I$1,74275%Property Taxes$35415%Insurance$1225%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,313

Total Expenses

$2,820

Mortgage P&I

75%

$1,742

Property Taxes

15%

$354

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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