REI Lense

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$3,212 (target)

3043 Hammel St NE, Salem, OR 97301

3 beds • 2 baths • 1574 sqft

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This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $93,054 initial cash invested.

-2.27%

Cash On Cash

6.06%

Cap Rate

0.97

DSCR

$3,212

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,212 income − $3,388 expenses = $176 out of pocket

Income$3,212Out of Pocket$176Mortgage P&I$1,85458%Property Taxes$31810%Insurance$1264%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,054

Downpayment

20%

$71,480

Closing costs

1%

$3,574

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,212

Total Expenses

$3,388

Mortgage P&I

58%

$1,854

Property Taxes

10%

$318

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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