REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,626 (target)

2308 Shoveller Ct, Raleigh, NC 27616

3 beds • 2 baths • 1003 sqft

Email

This property looks like a bad Long-Term investment with a projected -6.39% first-year return on $44,709 initial cash invested.

-6.39%

Cash On Cash

5.82%

Cap Rate

0.87

DSCR

$1,626

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,626 income − $1,864 expenses = $238 out of pocket

Income$1,626Out of Pocket$238Mortgage P&I$1,18973%Property Taxes$1278%Insurance$775%HOA$483%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,709

Downpayment

20%

$42,580

Closing costs

1%

$2,129

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,626

Total Expenses

$1,864

Mortgage P&I

73%

$1,189

Property Taxes

8%

$127

Home Insurance

5%

$77

HOA

3%

$48

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis