REI Lense

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$2,889 (target)

10 Salem Court, Bangor, ME 04401

3 beds • 2 baths • 2063 sqft

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This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $86,814 initial cash invested.

-6.8%

Cash On Cash

5.11%

Cap Rate

0.83

DSCR

$2,889

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $3,381 expenses = $492 out of pocket

Income$2,889Out of Pocket$492Mortgage P&I$2,10973%Property Taxes$37313%Insurance$1495%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,814

Downpayment

20%

$82,680

Closing costs

1%

$4,134

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,889

Total Expenses

$3,381

Mortgage P&I

73%

$2,109

Property Taxes

13%

$373

Home Insurance

5%

$149

HOA

0%

$0

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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