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3760 Luther Dr, Salem, VA 24153

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $85,473 initial cash invested.

-1.7%

Cash On Cash

5.77%

Cap Rate

0.99

DSCR

$2,697

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,473

Downpayment

20%

$64,260

Closing costs

1%

$3,213

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,697

Total Expenses

$2,818

Mortgage P&I

58%

$1,557

Property Taxes

8%

$229

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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