REI Lense

REI Lense

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$2,534 (target)

188 Fairhaven Dr, Salisbury, NC 28146

3 beds • 4 baths • 2339 sqft

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This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $105k initial cash invested.

-12.35%

Cash On Cash

3.8%

Cap Rate

0.62

DSCR

$2,534

Rent

-$1,084

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,534 income − $3,618 expenses = $1,084 out of pocket

Income$2,534Out of Pocket$1,084Mortgage P&I$2,545100%Property Taxes$2369%Insurance$1787%Management$25310%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$502k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100k

Closing costs

1%

$5,016

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,534

Total Expenses

$3,618

Mortgage P&I

100%

$2,545

Property Taxes

9%

$236

Home Insurance

7%

$178

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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