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$3,907 (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 Long-Term investment with a projected -23.52% first-year return on $242k initial cash invested.

-23.52%

Cash On Cash

2.14%

Cap Rate

0.31

DSCR

$3,907

Rent

-$4,749

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,907 income − $8,656 expenses = $4,749 out of pocket

Income$3,907Out of Pocket$4,749Mortgage P&I$6,613169%Property Taxes$46612%Insurance$45212%HOA$1103%Management$39110%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

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Purchase Price

$1154k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$242k

Downpayment

20%

$231k

Closing costs

1%

$11,539

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,907

Total Expenses

$8,656

Mortgage P&I

169%

$6,613

Property Taxes

12%

$466

Home Insurance

12%

$452

HOA

3%

$110

Property Management

10%

$391

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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