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$2,956 (target)

929 Shearers Rd, Mooresville, NC 28115

3 beds • 2 baths • 1970 sqft

$1,000,000

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This property looks like a bad Mid-Term investment with a projected -21.55% first-year return on $228k initial cash invested.

-21.55%

Cash On Cash

1.21%

Cap Rate

0.2

DSCR

$2,956

Rent

-$4,094

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $7,050 expenses = $4,094 out of pocket

Income$2,956Out of Pocket$4,094Mortgage P&I$4,986169%Property Taxes$70924%Insurance$35012%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$1000k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$228k

Downpayment

20%

$200k

Closing costs

1%

$10,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$7,050

Mortgage P&I

169%

$4,986

Property Taxes

24%

$709

Home Insurance

12%

$350

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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