REI Lense

REI Lense

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$2,212 (target)

233 Lake George Rd, Shelby, NC 28152

3 beds • 3 baths • 2056 sqft

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This property looks like a bad Long-Term investment with a projected -7.29% first-year return on $70,623 initial cash invested.

-7.29%

Cash On Cash

4.79%

Cap Rate

0.81

DSCR

$2,212

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,212 income − $2,641 expenses = $429 out of pocket

Income$2,212Out of Pocket$429Mortgage P&I$1,66075%Property Taxes$26612%Insurance$1165%HOA$231%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,623

Downpayment

20%

$67,260

Closing costs

1%

$3,363

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,212

Total Expenses

$2,641

Mortgage P&I

75%

$1,660

Property Taxes

12%

$266

Home Insurance

5%

$116

HOA

1%

$23

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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