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$2,474 (target)

512 W Bank St, Salisbury, NC 28146

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Mid-Term investment with a projected -1.15% first-year return on $80,223 initial cash invested.

-1.15%

Cash On Cash

6.1%

Cap Rate

1.01

DSCR

$2,474

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,474 income − $2,551 expenses = $77 out of pocket

Income$2,474Out of Pocket$77Mortgage P&I$1,48360%Property Taxes$1386%Insurance$894%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,223

Downpayment

20%

$59,260

Closing costs

1%

$2,963

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,474

Total Expenses

$2,551

Mortgage P&I

60%

$1,483

Property Taxes

6%

$138

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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