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2200 Gaffney Rd, Shelby, NC 28152

3 beds • 2 baths • 1377 sqft

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This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $102k initial cash invested.

-7.51%

Cash On Cash

4.13%

Cap Rate

0.72

DSCR

$2,316

Rent

-$638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$2,954

Mortgage P&I

83%

$1,920

Property Taxes

5%

$106

Home Insurance

6%

$140

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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