REI Lense

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$3,604 (target)

2870 Bradshaw Rd, Mooresville, NC 28115

3 beds • 3 baths • 2357 sqft

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This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $141k initial cash invested.

-13.17%

Cash On Cash

3.68%

Cap Rate

0.56

DSCR

$3,604

Rent

-$1,552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,604 income − $5,156 expenses = $1,552 out of pocket

Income$3,604Out of Pocket$1,552Mortgage P&I$3,21189%Property Taxes$2687%Insurance$45313%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$588k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$118k

Closing costs

1%

$5,878

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,604

Total Expenses

$5,156

Mortgage P&I

89%

$3,211

Property Taxes

7%

$268

Home Insurance

13%

$453

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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