REI Lense

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$1,561 (target)

1577 Timberlake Dr, Shelby, NC 28150

3 beds • 2 baths • 1156 sqft

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This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $53,802 initial cash invested.

-7.16%

Cash On Cash

4.87%

Cap Rate

0.81

DSCR

$1,561

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,561 income − $1,882 expenses = $321 out of pocket

Income$1,561Out of Pocket$321Mortgage P&I$1,28382%Property Taxes$1047%Insurance$896%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,802

Downpayment

20%

$51,240

Closing costs

1%

$2,562

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,561

Total Expenses

$1,882

Mortgage P&I

82%

$1,283

Property Taxes

7%

$104

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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