REI Lense

REI Lense

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$5,156 (target)

242 Mallard Way, Mooresville, NC 28117

3 beds • 3 baths • 3286 sqft

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This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $168k initial cash invested.

-4.8%

Cash On Cash

5.16%

Cap Rate

0.87

DSCR

$5,156

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$715k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$143k

Closing costs

1%

$7,153

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,156

Total Expenses

$5,829

Mortgage P&I

69%

$3,545

Property Taxes

5%

$274

Home Insurance

5%

$257

HOA

0%

$0

Property Management

12%

$619

CapEx

4%

$206

Vacancy

3%

$155

Maintenance

4%

$206

Other

11%

$567

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