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$2,624 (target)

30464 Cannon Dr, Salisbury, MD 21804

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 4.74% first-year return on $70,647 initial cash invested.

4.74%

Cash On Cash

7.98%

Cap Rate

1.3

DSCR

$2,624

Rent

$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,345 expenses = $279 cash flow

Income$2,624Mortgage P&I$1,28449%Property Taxes$1164%Insurance$522%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$279

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,647

Downpayment

20%

$50,140

Closing costs

1%

$2,507

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$2,345

Mortgage P&I

49%

$1,284

Property Taxes

4%

$116

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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