REI Lense

REI Lense

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$2,577 (target)

619 Wellington Cir, Salisbury, MD 21801

3 beds • 2 baths • 1326 sqft

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This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $63,381 initial cash invested.

7.91%

Cash On Cash

8.9%

Cap Rate

1.48

DSCR

$2,577

Rent

$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,381

Downpayment

20%

$43,220

Closing costs

1%

$2,161

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,577

Total Expenses

$2,159

Mortgage P&I

42%

$1,081

Property Taxes

5%

$126

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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