REI Lense

REI Lense

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$2,388 (target)

1224 Coronado Dr, Salem, VA 24153

3 beds • 3 baths • 2153 sqft

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This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $82,929 initial cash invested.

-9.64%

Cash On Cash

4.24%

Cap Rate

0.72

DSCR

$2,388

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,388 income − $3,054 expenses = $666 out of pocket

Income$2,388Out of Pocket$666Mortgage P&I$1,94281%Property Taxes$33114%Insurance$1406%HOA$211%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,929

Downpayment

20%

$78,980

Closing costs

1%

$3,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,388

Total Expenses

$3,054

Mortgage P&I

81%

$1,942

Property Taxes

14%

$331

Home Insurance

6%

$140

HOA

1%

$21

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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