REI Lense

REI Lense

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$1,487 (target)

3057 Forest Acre Trl, Salem, VA 24153

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $69,090 initial cash invested.

-14.22%

Cash On Cash

3.4%

Cap Rate

0.56

DSCR

$1,487

Rent

-$819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,487 income − $2,306 expenses = $819 out of pocket

Income$1,487Out of Pocket$819Mortgage P&I$1,676113%Property Taxes$1299%Insurance$1158%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,487

Total Expenses

$2,306

Mortgage P&I

113%

$1,676

Property Taxes

9%

$129

Home Insurance

8%

$115

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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