REI Lense

REI Lense

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$1,691 (target)

114 Elmwood Dr, Salisbury, NC 28147

3 beds • 2 baths • 1873 sqft

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This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $70,980 initial cash invested.

-13.66%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$1,691

Rent

-$808

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,691 income − $2,499 expenses = $808 out of pocket

Income$1,691Out of Pocket$808Mortgage P&I$1,687100%Property Taxes$25315%Insurance$1197%Management$16910%CapEx$855%Vacancy$1016%Maintenance$855%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,691

Total Expenses

$2,499

Mortgage P&I

100%

$1,687

Property Taxes

15%

$253

Home Insurance

7%

$119

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$101

Maintenance

5%

$85

Other

0%

$0

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