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$5,860 (target)

321 Normandy Rd, Mooresville, NC 28117

3 beds • 3 baths • 3456 sqft

$1,153,900

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This property looks like a bad Mid-Term investment with a projected -17.39% first-year return on $260k initial cash invested.

-17.39%

Cash On Cash

3.2%

Cap Rate

0.46

DSCR

$5,860

Rent

-$3,773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,860 income − $9,633 expenses = $3,773 out of pocket

Income$5,860Out of Pocket$3,773Mortgage P&I$6,613113%Property Taxes$4668%Insurance$4528%HOA$1102%Management$70312%CapEx$2344%Vacancy$1763%Maintenance$2344%Other$64511%

Investment Breakdown

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Purchase Price

$1154k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$260k

Downpayment

20%

$231k

Closing costs

1%

$11,539

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,860

Total Expenses

$9,633

Mortgage P&I

113%

$6,613

Property Taxes

8%

$466

Home Insurance

8%

$452

HOA

2%

$110

Property Management

12%

$703

CapEx

4%

$234

Vacancy

3%

$176

Maintenance

4%

$234

Other

11%

$645

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