REI Lense

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$2,029 (target)

615 Moran Ave, Salem, VA 24153

3 beds • 3 baths • 1929 sqft

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This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $78,834 initial cash invested.

-13.33%

Cash On Cash

3.66%

Cap Rate

0.6

DSCR

$2,029

Rent

-$876

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,029 income − $2,905 expenses = $876 out of pocket

Income$2,029Out of Pocket$876Mortgage P&I$1,91995%Property Taxes$32616%Insurance$1337%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,834

Downpayment

20%

$75,080

Closing costs

1%

$3,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,029

Total Expenses

$2,905

Mortgage P&I

95%

$1,919

Property Taxes

16%

$326

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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