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$2,962 (target)

1647 Millbrook St, Salem, VA 24153

3 beds • 2 baths • 1305 sqft

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This property might be a fair Mid-Term investment with a projected 1.9% first-year return on $78,312 initial cash invested.

1.9%

Cash On Cash

7.19%

Cap Rate

1.16

DSCR

$2,962

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,962 income − $2,838 expenses = $124 cash flow

Income$2,962Mortgage P&I$1,48050%Property Taxes$2508%Insurance$1023%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%Cash Flow$124

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,312

Downpayment

20%

$57,440

Closing costs

1%

$2,872

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,962

Total Expenses

$2,838

Mortgage P&I

50%

$1,480

Property Taxes

8%

$250

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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