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$3,318 (target)

233 Lake George Rd, Shelby, NC 28152

3 beds • 3 baths • 2056 sqft

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This property might be a fair Mid-Term investment with a projected 1.68% first-year return on $88,623 initial cash invested.

1.68%

Cash On Cash

6.84%

Cap Rate

1.15

DSCR

$3,318

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,318 income − $3,194 expenses = $124 cash flow

Income$3,318Mortgage P&I$1,66050%Property Taxes$2668%Insurance$1163%HOA$231%Management$39812%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36511%Cash Flow$124

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,623

Downpayment

20%

$67,260

Closing costs

1%

$3,363

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,318

Total Expenses

$3,194

Mortgage P&I

50%

$1,660

Property Taxes

8%

$266

Home Insurance

4%

$116

HOA

1%

$23

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$365

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