REI Lense

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$1,975 (target)

1647 Millbrook St, Salem, VA 24153

3 beds • 2 baths • 1305 sqft

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This property looks like a bad Long-Term investment with a projected -7.38% first-year return on $60,312 initial cash invested.

-7.38%

Cash On Cash

5.05%

Cap Rate

0.82

DSCR

$1,975

Rent

-$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,975 income − $2,346 expenses = $371 out of pocket

Income$1,975Out of Pocket$371Mortgage P&I$1,48075%Property Taxes$25013%Insurance$1025%Management$19810%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,312

Downpayment

20%

$57,440

Closing costs

1%

$2,872

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,975

Total Expenses

$2,346

Mortgage P&I

75%

$1,480

Property Taxes

13%

$250

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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