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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 Long-Term investment with a projected -18.82% first-year return on $197k initial cash invested.

-18.82%

Cash On Cash

2.06%

Cap Rate

0.35

DSCR

$3,000

Rent

-$3,094

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

$197k

Downpayment

20%

$188k

Closing costs

1%

$9,392

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,000

Total Expenses

$6,094

Mortgage P&I

152%

$4,558

Property Taxes

14%

$415

Home Insurance

11%

$341

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

119 Plantation Dr, Mooresville, NC 28117

$4,770

4

4.5

3245

1.6 mi

128 Yellowbell Rd, Mooresville, NC 28117

$3,200

4

3.5

3150

1.5 mi

141 W Morehouse Ave, Mooresville, NC 28117

$2,800

4

3.5

2890

1.4 mi

124 Morrocroft Ln, Mooresville, NC 28117

$2,549

4

3

3022

1.7 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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