REI Lense

REI Lense

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$1,649 (target)

512 W Bank St, Salisbury, NC 28146

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Long-Term investment with a projected -9.43% first-year return on $62,223 initial cash invested.

-9.43%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$1,649

Rent

-$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,649 income − $2,138 expenses = $489 out of pocket

Income$1,649Out of Pocket$489Mortgage P&I$1,48390%Property Taxes$1388%Insurance$895%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,223

Downpayment

20%

$59,260

Closing costs

1%

$2,963

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,649

Total Expenses

$2,138

Mortgage P&I

90%

$1,483

Property Taxes

8%

$138

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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