REI Lense

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$2,204 (target)

2216 Holly Ln, Shelby, NC 28150

3 beds • 3 baths • 1924 sqft

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This property looks like a bad Long-Term investment with a projected -18.25% first-year return on $129k initial cash invested.

-18.25%

Cash On Cash

2.37%

Cap Rate

0.4

DSCR

$2,204

Rent

-$1,962

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,204 income − $4,166 expenses = $1,962 out of pocket

Income$2,204Out of Pocket$1,962Mortgage P&I$3,065139%Property Taxes$28413%Insurance$24511%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,204

Total Expenses

$4,166

Mortgage P&I

139%

$3,065

Property Taxes

13%

$284

Home Insurance

11%

$245

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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