REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,697 (target)

3760 Luther Dr, Salem, VA 24153

3 beds • 2 baths • 1675 sqft

Email

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

Cash Flow

$2,697 income − $2,818 expenses = $121 out of pocket

Income$2,697Out of Pocket$121Mortgage P&I$1,55758%Property Taxes$2298%Insurance$1144%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

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

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis