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$2,207 (target)

2424 Olan Dr, Shelby, NC 28152

3 beds • 3 baths • 3188 sqft

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This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $110k initial cash invested.

-15.22%

Cash On Cash

3.01%

Cap Rate

0.51

DSCR

$2,207

Rent

-$1,394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,207 income − $3,601 expenses = $1,394 out of pocket

Income$2,207Out of Pocket$1,394Mortgage P&I$2,595118%Property Taxes$24111%Insurance$1929%Management$22110%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$523k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,233

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,207

Total Expenses

$3,601

Mortgage P&I

118%

$2,595

Property Taxes

11%

$241

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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