REI Lense

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$2,016 (target)

1210 Butler St, Salisbury, NC 28144

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $80,790 initial cash invested.

-7.8%

Cash On Cash

4.84%

Cap Rate

0.73

DSCR

$2,016

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $2,541 expenses = $525 out of pocket

Income$2,016Out of Pocket$525Mortgage P&I$1,65082%Property Taxes$1005%Insurance$1055%Management$24212%CapEx$814%Vacancy$603%Maintenance$814%Other$22211%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,016

Total Expenses

$2,541

Mortgage P&I

82%

$1,650

Property Taxes

5%

$100

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$242

CapEx

4%

$81

Vacancy

3%

$60

Maintenance

4%

$81

Other

11%

$222

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