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2316 Shannon St, Raleigh, NC 27610

3 beds • 2 baths • 1416 sqft

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This property might be a fair Long-Term investment with a projected 2.56% first-year return on $48,279 initial cash invested.

2.56%

Cash On Cash

7.05%

Cap Rate

1.18

DSCR

$2,020

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$1,917

Mortgage P&I

57%

$1,146

Property Taxes

8%

$166

Home Insurance

4%

$80

PManagement

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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Distance

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2

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