REI Lense

REI Lense

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$3,065 (target)

320 Canvasback Rd, Mooresville, NC 28117

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $128k initial cash invested.

-11.44%

Cash On Cash

3.86%

Cap Rate

0.65

DSCR

$3,065

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,065 income − $4,284 expenses = $1,219 out of pocket

Income$3,065Out of Pocket$1,219Mortgage P&I$3,02599%Property Taxes$2448%Insurance$2197%Management$30610%CapEx$1535%Vacancy$1846%Maintenance$1535%

Investment Breakdown

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Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$122k

Closing costs

1%

$6,088

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,065

Total Expenses

$4,284

Mortgage P&I

99%

$3,025

Property Taxes

8%

$244

Home Insurance

7%

$219

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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