REI Lense

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$3,052 (target)

531 Inverness Dr SE, Salem, OR 97306

3 beds • 3 baths • 2527 sqft

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This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $138k initial cash invested.

-19.69%

Cash On Cash

2.46%

Cap Rate

0.39

DSCR

$3,052

Rent

-$2,271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,052 income − $5,323 expenses = $2,271 out of pocket

Income$3,052Out of Pocket$2,271Mortgage P&I$3,471114%Property Taxes$76725%Insurance$2348%HOA$572%Management$30510%CapEx$1535%Vacancy$1836%Maintenance$1535%

Investment Breakdown

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Purchase Price

$659k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$132k

Closing costs

1%

$6,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,052

Total Expenses

$5,323

Mortgage P&I

114%

$3,471

Property Taxes

25%

$767

Home Insurance

8%

$234

HOA

2%

$57

Property Management

10%

$305

CapEx

5%

$153

Vacancy

6%

$183

Maintenance

5%

$153

Other

0%

$0

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