REI Lense

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$3,342 (target)

314 River Birch Cir, Mooresville, NC 28115

3 beds • 2 baths • 2121 sqft

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This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $107k initial cash invested.

-4.59%

Cash On Cash

5.17%

Cap Rate

0.87

DSCR

$3,342

Rent

-$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,342 income − $3,753 expenses = $411 out of pocket

Income$3,342Out of Pocket$411Mortgage P&I$2,11263%Property Taxes$34410%Insurance$1525%HOA$8Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,200

Closing costs

1%

$4,260

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,342

Total Expenses

$3,753

Mortgage P&I

63%

$2,112

Property Taxes

10%

$344

Home Insurance

5%

$152

HOA

0%

$8

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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