REI Lense

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$3,250 (target)

410 Parkdale Dr, Salem, VA 24153

3 beds • 3 baths • 1326 sqft

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This property might be a fair Mid-Term investment with a projected 8.82% first-year return on $71,802 initial cash invested.

8.82%

Cash On Cash

9%

Cap Rate

1.52

DSCR

$3,250

Rent

$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,250 income − $2,722 expenses = $528 cash flow

Income$3,250Mortgage P&I$1,26439%Property Taxes$2227%Insurance$1304%Management$39012%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35811%Cash Flow$528

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,802

Downpayment

20%

$51,240

Closing costs

1%

$2,562

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,250

Total Expenses

$2,722

Mortgage P&I

39%

$1,264

Property Taxes

7%

$222

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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