REI Lense

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$3,306 (target)

2216 Holly Ln, Shelby, NC 28150

3 beds • 3 baths • 1924 sqft

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This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $147k initial cash invested.

-11.53%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$3,306

Rent

-$1,412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,306 income − $4,718 expenses = $1,412 out of pocket

Income$3,306Out of Pocket$1,412Mortgage P&I$3,06593%Property Taxes$2849%Insurance$2457%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,142

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,306

Total Expenses

$4,718

Mortgage P&I

93%

$3,065

Property Taxes

9%

$284

Home Insurance

7%

$245

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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