REI Lense

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$2,648 (target)

411 Pleasant Ridge Church Rd, Shelby, NC 28152

3 beds • 2 baths • 2292 sqft

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This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $89,400 initial cash invested.

-3.18%

Cash On Cash

5.69%

Cap Rate

0.92

DSCR

$2,648

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,648 income − $2,885 expenses = $237 out of pocket

Income$2,648Out of Pocket$237Mortgage P&I$1,74466%Property Taxes$1225%Insurance$1194%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,648

Total Expenses

$2,885

Mortgage P&I

66%

$1,744

Property Taxes

5%

$122

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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