REI Lense

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$1,366 (target)

1016 Raney St, Salisbury, NC 28146

3 beds • 2 baths • 1235 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $56,637 initial cash invested.

-11.29%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$1,366

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,366 income − $1,899 expenses = $533 out of pocket

Income$1,366Out of Pocket$533Mortgage P&I$1,35099%Property Taxes$967%Insurance$987%Management$13710%CapEx$685%Vacancy$826%Maintenance$685%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,637

Downpayment

20%

$53,940

Closing costs

1%

$2,697

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,366

Total Expenses

$1,899

Mortgage P&I

99%

$1,350

Property Taxes

7%

$96

Home Insurance

7%

$98

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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