REI Lense

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$3,021 (target)

628 Rebecca Jane Dr, Mooresville, NC 28115

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $84,276 initial cash invested.

-2.76%

Cash On Cash

6.41%

Cap Rate

0.96

DSCR

$3,021

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $3,215 expenses = $194 out of pocket

Income$3,021Out of Pocket$194Mortgage P&I$1,75858%Property Taxes$31110%Insurance$1124%HOA$6Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,276

Downpayment

20%

$63,120

Closing costs

1%

$3,156

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,021

Total Expenses

$3,215

Mortgage P&I

58%

$1,758

Property Taxes

10%

$311

Home Insurance

4%

$112

HOA

0%

$6

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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