REI Lense

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$2,137 (target)

2141 Jack Wilson Rd, Shelby, NC 28150

3 beds • 4 baths • 2654 sqft

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This property looks like a bad Long-Term investment with a projected -17.83% first-year return on $116k initial cash invested.

-17.83%

Cash On Cash

2.69%

Cap Rate

0.43

DSCR

$2,137

Rent

-$1,716

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,137 income − $3,853 expenses = $1,716 out of pocket

Income$2,137Out of Pocket$1,716Mortgage P&I$2,841133%Property Taxes$26412%Insurance$1929%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,137

Total Expenses

$3,853

Mortgage P&I

133%

$2,841

Property Taxes

12%

$264

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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