REI Lense

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$1,741 (target)

1070 Legion Club Rd, Salisbury, NC 28146

3 beds • 2 baths • 1464 sqft

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This property looks like a bad Long-Term investment with a projected -9.49% first-year return on $61,866 initial cash invested.

-9.49%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$1,741

Rent

-$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,741 income − $2,230 expenses = $489 out of pocket

Income$1,741Out of Pocket$489Mortgage P&I$1,47585%Property Taxes$1639%Insurance$1408%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,866

Downpayment

20%

$58,920

Closing costs

1%

$2,946

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,741

Total Expenses

$2,230

Mortgage P&I

85%

$1,475

Property Taxes

9%

$163

Home Insurance

8%

$140

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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