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$2,588 (target)

428 E McLelland Ave, Mooresville, NC 28115

3 beds • 2 baths • 1237 sqft

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This property might be a fair Mid-Term investment with a projected 1.31% first-year return on $68,631 initial cash invested.

1.31%

Cash On Cash

7.44%

Cap Rate

1.14

DSCR

$2,588

Rent

$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,588 income − $2,513 expenses = $75 cash flow

Income$2,588Mortgage P&I$1,31651%Property Taxes$2299%Insurance$863%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$75

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,631

Downpayment

20%

$48,220

Closing costs

1%

$2,411

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,588

Total Expenses

$2,513

Mortgage P&I

51%

$1,316

Property Taxes

9%

$229

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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