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$2,886 (target)

380 Lake Landing Dr, Salisbury, NC 28146

3 beds • 2 baths • 1996 sqft

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This property looks like a bad Mid-Term investment with a projected -11.36% first-year return on $120k initial cash invested.

-11.36%

Cash On Cash

4.02%

Cap Rate

0.61

DSCR

$2,886

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,886 income − $4,023 expenses = $1,137 out of pocket

Income$2,886Out of Pocket$1,137Mortgage P&I$2,65092%Property Taxes$1887%Insurance$1846%HOA$211%Management$34612%CapEx$1154%Vacancy$873%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,200

Closing costs

1%

$4,860

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,886

Total Expenses

$4,023

Mortgage P&I

92%

$2,650

Property Taxes

7%

$188

Home Insurance

6%

$184

HOA

1%

$21

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$87

Maintenance

4%

$115

Other

11%

$317

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