REI Lense

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$2,343 (target)

6419 Freedom Way, Salisbury, MD 21801

3 beds • 3 baths • 1988 sqft

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This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $77,700 initial cash invested.

-7.83%

Cash On Cash

4.85%

Cap Rate

0.79

DSCR

$2,343

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,343 income − $2,850 expenses = $507 out of pocket

Income$2,343Out of Pocket$507Mortgage P&I$1,88480%Property Taxes$2199%Insurance$1386%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,343

Total Expenses

$2,850

Mortgage P&I

80%

$1,884

Property Taxes

9%

$219

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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