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245 Rocky River Rd, Mooresville, NC 28115

4 beds • 2 baths • 1801 sqft

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This property looks like a bad Long-Term investment with a projected -20.79% first-year return on $147k initial cash invested.

-20.79%

Cash On Cash

1.64%

Cap Rate

0.28

DSCR

$2,180

Rent

-$2,540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$698k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$6,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,180

Total Expenses

$4,720

Mortgage P&I

155%

$3,385

Property Taxes

24%

$524

Home Insurance

11%

$244

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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Comparable Property

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SQFT

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2

1

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$2,850

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