REI Lense

REI Lense

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$1,666 (target)

3130 Faith Rd, Salisbury, NC 28146

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $52,290 initial cash invested.

-6.33%

Cash On Cash

5.32%

Cap Rate

0.85

DSCR

$1,666

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,666

Total Expenses

$1,942

Mortgage P&I

78%

$1,297

Property Taxes

8%

$125

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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