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314 White St, Salem, VA 24153

3 beds • 2 baths • 1368 sqft

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This property might be a fair Mid-Term investment with a projected 5.77% first-year return on $73,640 initial cash invested.

5.77%

Cash On Cash

7.94%

Cap Rate

1.37

DSCR

$2,884

Rent

$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,640

Downpayment

20%

$52,990

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,884

Total Expenses

$2,530

Mortgage P&I

45%

$1,284

Property Taxes

6%

$173

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$87

Maintenance

4%

$115

Other

11%

$317

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