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$2,334 (target)

216 W Shannonhouse St, Shelby, NC 28152

3 beds • 2 baths • 1384 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $64,200 initial cash invested.

2.69%

Cash On Cash

7.87%

Cap Rate

1.2

DSCR

$2,334

Rent

$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,334 income − $2,190 expenses = $144 cash flow

Income$2,334Mortgage P&I$1,20652%Property Taxes$1145%Insurance$773%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25711%Cash Flow$144

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,334

Total Expenses

$2,190

Mortgage P&I

52%

$1,206

Property Taxes

5%

$114

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$257

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