REI Lense

REI Lense

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$4,598 (target)

320 Canvasback Rd, Mooresville, NC 28117

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $146k initial cash invested.

-3.74%

Cash On Cash

5.43%

Cap Rate

0.91

DSCR

$4,598

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,088

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,598

Total Expenses

$5,052

Mortgage P&I

66%

$3,025

Property Taxes

5%

$244

Home Insurance

5%

$219

HOA

0%

$0

Property Management

12%

$552

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$506

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