REI Lense

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$3,838 (target)

303 Brook Valley Dr, Salisbury, NC 28147

3 beds • 3 baths • 2318 sqft

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This property might be a fair Mid-Term investment with a projected 3.64% first-year return on $98,493 initial cash invested.

3.64%

Cash On Cash

7.36%

Cap Rate

1.24

DSCR

$3,838

Rent

$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,838 income − $3,539 expenses = $299 cash flow

Income$3,838Mortgage P&I$1,89749%Property Taxes$1825%Insurance$1354%HOA$19Management$46112%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42211%Cash Flow$299

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,493

Downpayment

20%

$76,660

Closing costs

1%

$3,833

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,838

Total Expenses

$3,539

Mortgage P&I

49%

$1,897

Property Taxes

5%

$182

Home Insurance

4%

$135

HOA

1%

$19

Property Management

12%

$461

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$422

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