REI Lense

REI Lense

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$2,924 (target)

111 Gallarie Pl, Salisbury, NC 28144

3 beds • 3 baths • 2144 sqft

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This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $89,505 initial cash invested.

-2.1%

Cash On Cash

5.83%

Cap Rate

0.98

DSCR

$2,924

Rent

-$157

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

$89,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$3,081

Mortgage P&I

58%

$1,695

Property Taxes

9%

$261

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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