REI Lense

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$1,810 (target)

3016 Longwood Dr, Shelby, NC 28152

3 beds • 2 baths • 2143 sqft

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This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $61,950 initial cash invested.

-7.57%

Cash On Cash

4.71%

Cap Rate

0.79

DSCR

$1,810

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,810 income − $2,201 expenses = $391 out of pocket

Income$1,810Out of Pocket$391Mortgage P&I$1,45881%Property Taxes$1709%Insurance$1036%Management$18110%CapEx$905%Vacancy$1096%Maintenance$905%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,810

Total Expenses

$2,201

Mortgage P&I

81%

$1,458

Property Taxes

9%

$170

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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