REI Lense

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$2,499 (target)

3130 Faith Rd, Salisbury, NC 28146

3 beds • 2 baths • 1647 sqft

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This property might be a fair Mid-Term investment with a projected 2.39% first-year return on $70,290 initial cash invested.

2.39%

Cash On Cash

7.41%

Cap Rate

1.19

DSCR

$2,499

Rent

$140

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

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,499

Total Expenses

$2,359

Mortgage P&I

52%

$1,297

Property Taxes

5%

$125

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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