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340 Riverwood Rd, Mooresville, NC 28117

4 beds • 4 baths • 3617 sqft

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This property looks like a bad Airbnb investment with a projected -2.8% first-year return on $221k initial cash invested.

-2.8%

Cash On Cash

5.64%

Cap Rate

0.97

DSCR

$9,227

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$939k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$188k

Closing costs

1%

$9,392

Rehab

0%

$0

Furnishing

3%

$24,000

Cashflow

Total Income

$9,227

Total Expenses

$9,743

Mortgage P&I

49%

$4,558

Property Taxes

5%

$415

Home Insurance

4%

$341

HOA

0%

$0

Property Management

15%

$1,384

CapEx

4%

$369

Vacancy

0%

$0

Maintenance

4%

$369

Other

25%

$2,307

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