REI Lense

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$2,925 (target)

105 Hidden Spring Dr, Salisbury, NC 28147

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $91,395 initial cash invested.

-1.47%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$2,925

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $3,037 expenses = $112 out of pocket

Income$2,925Out of Pocket$112Mortgage P&I$1,74760%Property Taxes$1656%Insurance$1304%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$3,037

Mortgage P&I

60%

$1,747

Property Taxes

6%

$165

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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