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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 -13.11% first-year return on $104k initial cash invested.

-13.11%

Cash On Cash

2.96%

Cap Rate

0.5

DSCR

$2,682

Rent

-$1,136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $3,818 expenses = $1,136 out of pocket

Income$2,682Out of Pocket$1,136Mortgage P&I$2,03976%Property Taxes$34313%Insurance$1506%Management$40215%CapEx$1074%Maintenance$1074%Other$67025%

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

$2,682

Total Expenses

$3,818

Mortgage P&I

76%

$2,039

Property Taxes

13%

$343

Home Insurance

6%

$150

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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