REI Lense

REI Lense

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$2,409 (target)

28204 Riverside Drive Ext, Salisbury, MD 21801

3 beds • 2 baths • 2320 sqft

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This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $87,633 initial cash invested.

-12.68%

Cash On Cash

4.19%

Cap Rate

0.64

DSCR

$2,409

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,409 income − $3,335 expenses = $926 out of pocket

Income$2,409Out of Pocket$926Mortgage P&I$2,26294%Property Taxes$29012%Insurance$1577%Management$24110%CapEx$1205%Vacancy$1456%Maintenance$1205%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,633

Downpayment

20%

$83,460

Closing costs

1%

$4,173

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,409

Total Expenses

$3,335

Mortgage P&I

94%

$2,262

Property Taxes

12%

$290

Home Insurance

7%

$157

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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