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$3,310 (target)

2941 Salem Ave SE, Albany, OR 97321

3 beds • 2 baths • 1720 sqft

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This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $119k initial cash invested.

-7.9%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$3,310

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,310 income − $4,092 expenses = $782 out of pocket

Income$3,310Out of Pocket$782Mortgage P&I$2,41973%Property Taxes$38612%Insurance$1635%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,980

Closing costs

1%

$4,799

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,310

Total Expenses

$4,092

Mortgage P&I

73%

$2,419

Property Taxes

12%

$386

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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