REI Lense

REI Lense

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$1,949 (target)

111 Gallarie Pl, Salisbury, NC 28144

3 beds • 3 baths • 2144 sqft

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This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $71,505 initial cash invested.

-10.79%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$1,949

Rent

-$643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,949

Total Expenses

$2,592

Mortgage P&I

87%

$1,695

Property Taxes

13%

$261

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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