REI Lense

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$2,936 (target)

3308 Darrin St NW, Salem, OR 97304

3 beds • 3 baths • 1995 sqft

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This property looks like a bad Long-Term investment with a projected -14.67% first-year return on $120k initial cash invested.

-14.67%

Cash On Cash

3.3%

Cap Rate

0.54

DSCR

$2,936

Rent

-$1,463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $4,399 expenses = $1,463 out of pocket

Income$2,936Out of Pocket$1,463Mortgage P&I$2,88398%Property Taxes$55119%Insurance$2017%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,698

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,936

Total Expenses

$4,399

Mortgage P&I

98%

$2,883

Property Taxes

19%

$551

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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