REI Lense

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$2,696 (target)

267 Carrington Ln, Salisbury, NC 28146

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $81,924 initial cash invested.

-1.44%

Cash On Cash

6.48%

Cap Rate

1.01

DSCR

$2,696

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $2,794 expenses = $98 out of pocket

Income$2,696Out of Pocket$98Mortgage P&I$1,63561%Property Taxes$1365%Insurance$1054%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,924

Downpayment

20%

$60,880

Closing costs

1%

$3,044

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,696

Total Expenses

$2,794

Mortgage P&I

61%

$1,635

Property Taxes

5%

$136

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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