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946 Shearers Rd, Mooresville, NC 28115

3 beds • 3 baths • 1891 sqft

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This property looks like a bad Airbnb investment with a projected -12.68% first-year return on $104k initial cash invested.

-12.68%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,755

Rent

-$1,099

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,755 income − $3,854 expenses = $1,099 out of pocket

Income$2,755Out of Pocket$1,099Mortgage P&I$2,03974%Property Taxes$34312%Insurance$1505%Management$41315%CapEx$1104%Maintenance$1104%Other$68925%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,900

Closing costs

1%

$4,095

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,755

Total Expenses

$3,854

Mortgage P&I

74%

$2,039

Property Taxes

12%

$343

Home Insurance

5%

$150

HOA

0%

$0

Property Management

15%

$413

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$689

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