REI Lense

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$2,403 (target)

231 Proctor Dr, Salisbury, NC 28147

3 beds • 2 baths • 1237 sqft

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This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $89,736 initial cash invested.

-6.23%

Cash On Cash

5.08%

Cap Rate

0.8

DSCR

$2,403

Rent

-$466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,403 income − $2,869 expenses = $466 out of pocket

Income$2,403Out of Pocket$466Mortgage P&I$1,81776%Property Taxes$1145%Insurance$1225%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,403

Total Expenses

$2,869

Mortgage P&I

76%

$1,817

Property Taxes

5%

$114

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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