REI Lense

REI Lense

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$2,127 (target)

406 Ethels Way, Salisbury, MD 21804

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $67,053 initial cash invested.

-6.34%

Cash On Cash

5.21%

Cap Rate

0.85

DSCR

$2,127

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,127 income − $2,481 expenses = $354 out of pocket

Income$2,127Out of Pocket$354Mortgage P&I$1,63577%Property Taxes$1778%Insurance$1145%HOA$2Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,053

Downpayment

20%

$63,860

Closing costs

1%

$3,193

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,127

Total Expenses

$2,481

Mortgage P&I

77%

$1,635

Property Taxes

8%

$177

Home Insurance

5%

$114

HOA

0%

$2

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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