REI Lense

REI Lense

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$2,145 (target)

1550 East Ave NE, Salem, OR 97301

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $94,290 initial cash invested.

-14.83%

Cash On Cash

3.24%

Cap Rate

0.53

DSCR

$2,145

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,145 income − $3,310 expenses = $1,165 out of pocket

Income$2,145Out of Pocket$1,165Mortgage P&I$2,270106%Property Taxes$32615%Insurance$1577%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,145

Total Expenses

$3,310

Mortgage P&I

106%

$2,270

Property Taxes

15%

$326

Home Insurance

7%

$157

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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