REI Lense

REI Lense

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$963 (target)

609 Legrand St, Shelby, NC 28150

3 beds • 3 baths • 1496 sqft

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This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $47,250 initial cash invested.

-14.12%

Cash On Cash

3.56%

Cap Rate

0.57

DSCR

$963

Rent

-$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$963 income − $1,519 expenses = $556 out of pocket

Income$963Out of Pocket$556Mortgage P&I$1,176122%Property Taxes$141%Insurance$798%Management$9610%CapEx$485%Vacancy$586%Maintenance$485%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$963

Total Expenses

$1,519

Mortgage P&I

122%

$1,176

Property Taxes

1%

$14

Home Insurance

8%

$79

HOA

0%

$0

Property Management

10%

$96

CapEx

5%

$48

Vacancy

6%

$58

Maintenance

5%

$48

Other

0%

$0

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