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278 Almora Loop, Mooresville, NC 28115

3 beds • 4 baths • 2575 sqft

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This property looks like a bad Airbnb investment with a projected -8.31% first-year return on $115k initial cash invested.

-8.31%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$4,130

Rent

-$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,130 income − $4,927 expenses = $797 out of pocket

Income$4,130Out of Pocket$797Mortgage P&I$2,31056%Property Taxes$43611%Insurance$1574%HOA$421%Management$62015%CapEx$1654%Maintenance$1654%Other$1,03225%

Investment Breakdown

|

Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,440

Closing costs

1%

$4,622

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,130

Total Expenses

$4,927

Mortgage P&I

56%

$2,310

Property Taxes

11%

$436

Home Insurance

4%

$157

HOA

1%

$42

Property Management

15%

$620

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,032

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