REI Lense

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$2,514 (target)

1340 Kipling Ct SE, Salem, OR 97302

3 beds • 3 baths • 1842 sqft

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This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $106k initial cash invested.

-15.84%

Cash On Cash

3.14%

Cap Rate

0.51

DSCR

$2,514

Rent

-$1,404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,514 income − $3,918 expenses = $1,404 out of pocket

Income$2,514Out of Pocket$1,404Mortgage P&I$2,604104%Property Taxes$48219%Insurance$1787%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,514

Total Expenses

$3,918

Mortgage P&I

104%

$2,604

Property Taxes

19%

$482

Home Insurance

7%

$178

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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