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319 Big Indian Loop, Mooresville, NC 28117

3 beds • 3 baths • 2913 sqft

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This property looks like a bad Airbnb investment with a projected -12.48% first-year return on $196k initial cash invested.

-12.48%

Cash On Cash

3.55%

Cap Rate

0.58

DSCR

$5,608

Rent

-$2,041

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,608 income − $7,649 expenses = $2,041 out of pocket

Income$5,608Out of Pocket$2,041Mortgage P&I$4,32877%Property Taxes$3246%Insurance$3065%Management$84115%CapEx$2244%Maintenance$2244%Other$1,40225%

Investment Breakdown

|

Purchase Price

$849k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,491

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,608

Total Expenses

$7,649

Mortgage P&I

77%

$4,328

Property Taxes

6%

$324

Home Insurance

5%

$306

HOA

0%

$0

Property Management

15%

$841

CapEx

4%

$224

Vacancy

0%

$0

Maintenance

4%

$224

Other

25%

$1,402

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