REI Lense

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$1,982 (target)

315 Caldwell Ave, Mooresville, NC 28115

3 beds • 2 baths • 1862 sqft

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This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $71,211 initial cash invested.

-9.45%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$1,982

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,982 income − $2,543 expenses = $561 out of pocket

Income$1,982Out of Pocket$561Mortgage P&I$1,67585%Property Taxes$25513%Insurance$985%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,211

Downpayment

20%

$67,820

Closing costs

1%

$3,391

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,982

Total Expenses

$2,543

Mortgage P&I

85%

$1,675

Property Taxes

13%

$255

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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