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$3,050 (target)

1020 Rock Pond Ln, Salisbury, NC 28146

3 beds • 2 baths • 2051 sqft

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This property looks like a bad Mid-Term investment with a projected -18.57% first-year return on $189k initial cash invested.

-18.57%

Cash On Cash

2.43%

Cap Rate

0.37

DSCR

$3,050

Rent

-$2,931

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,050 income − $5,981 expenses = $2,931 out of pocket

Income$3,050Out of Pocket$2,931Mortgage P&I$4,461146%Property Taxes$1846%Insurance$29810%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$816k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$189k

Downpayment

20%

$163k

Closing costs

1%

$8,161

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,050

Total Expenses

$5,981

Mortgage P&I

146%

$4,461

Property Taxes

6%

$184

Home Insurance

10%

$298

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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