REI Lense

REI Lense

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$1,931 (target)

1707 David Dr, Shelby, NC 28150

3 beds • 2 baths • 2622 sqft

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This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $66,990 initial cash invested.

-9.12%

Cash On Cash

4.42%

Cap Rate

0.74

DSCR

$1,931

Rent

-$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,931

Total Expenses

$2,440

Mortgage P&I

82%

$1,586

Property Taxes

12%

$239

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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