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$5,144 (target)

931 Cornelius Rd, Mooresville, NC 28117

3 beds • 3 baths • 2971 sqft

$1,084,800

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This property looks like a bad Mid-Term investment with a projected -14.49% first-year return on $246k initial cash invested.

-14.49%

Cash On Cash

3.02%

Cap Rate

0.5

DSCR

$5,144

Rent

-$2,969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1085k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$246k

Downpayment

20%

$217k

Closing costs

1%

$10,848

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,144

Total Expenses

$8,113

Mortgage P&I

107%

$5,491

Property Taxes

9%

$453

Home Insurance

8%

$420

HOA

0%

$0

Property Management

12%

$617

CapEx

4%

$206

Vacancy

3%

$154

Maintenance

4%

$206

Other

11%

$566

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