REI Lense

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$1,713 (target)

121 Marcus Dr, Shelby, NC 28152

3 beds • 2 baths • 1853 sqft

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This property looks like a bad Long-Term investment with a projected -6.84% first-year return on $55,125 initial cash invested.

-6.84%

Cash On Cash

4.91%

Cap Rate

0.82

DSCR

$1,713

Rent

-$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $2,027 expenses = $314 out of pocket

Income$1,713Out of Pocket$314Mortgage P&I$1,30176%Property Taxes$18611%Insurance$945%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,125

Downpayment

20%

$52,500

Closing costs

1%

$2,625

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,713

Total Expenses

$2,027

Mortgage P&I

76%

$1,301

Property Taxes

11%

$186

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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