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$3,310 (target)

2424 Olan Dr, Shelby, NC 28152

3 beds • 3 baths • 3188 sqft

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This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $128k initial cash invested.

-7.9%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$3,310

Rent

-$842

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,310 income − $4,152 expenses = $842 out of pocket

Income$3,310Out of Pocket$842Mortgage P&I$2,59578%Property Taxes$2417%Insurance$1926%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%

Investment Breakdown

|

Purchase Price

$523k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,233

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,310

Total Expenses

$4,152

Mortgage P&I

78%

$2,595

Property Taxes

7%

$241

Home Insurance

6%

$192

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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