REI Lense

REI Lense

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$1,602 (target)

231 Proctor Dr, Salisbury, NC 28147

3 beds • 2 baths • 1237 sqft

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This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $71,736 initial cash invested.

-14.5%

Cash On Cash

3.62%

Cap Rate

0.57

DSCR

$1,602

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,602 income − $2,469 expenses = $867 out of pocket

Income$1,602Out of Pocket$867Mortgage P&I$1,817113%Property Taxes$1147%Insurance$1228%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,602

Total Expenses

$2,469

Mortgage P&I

113%

$1,817

Property Taxes

7%

$114

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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