REI Lense

REI Lense

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$2,554 (target)

2231 Cobbler Ct NW, Salem, OR 97304

3 beds • 3 baths • 1911 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $120k initial cash invested.

-16.95%

Cash On Cash

2.75%

Cap Rate

0.46

DSCR

$2,554

Rent

-$1,688

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,554 income − $4,242 expenses = $1,688 out of pocket

Income$2,554Out of Pocket$1,688Mortgage P&I$2,864112%Property Taxes$51320%Insurance$2018%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,692

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,554

Total Expenses

$4,242

Mortgage P&I

112%

$2,864

Property Taxes

20%

$513

Home Insurance

8%

$201

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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