REI Lense

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$1,502 (target)

804 S Jackson St, Salisbury, NC 28144

3 beds • 2 baths • 1130 sqft

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This property looks like a bad Long-Term investment with a projected -1.69% first-year return on $40,572 initial cash invested.

-1.69%

Cash On Cash

6.63%

Cap Rate

1.02

DSCR

$1,502

Rent

-$57

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,502 income − $1,559 expenses = $57 out of pocket

Income$1,502Out of Pocket$57Mortgage P&I$1,05070%Property Taxes$493%Insurance$705%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,572

Downpayment

20%

$38,640

Closing costs

1%

$1,932

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,502

Total Expenses

$1,559

Mortgage P&I

70%

$1,050

Property Taxes

3%

$49

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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