REI Lense

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$3,044 (target)

615 Moran Ave, Salem, VA 24153

3 beds • 3 baths • 1929 sqft

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This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $96,834 initial cash invested.

-4.57%

Cash On Cash

5.34%

Cap Rate

0.87

DSCR

$3,044

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $3,413 expenses = $369 out of pocket

Income$3,044Out of Pocket$369Mortgage P&I$1,91963%Property Taxes$32611%Insurance$1334%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,834

Downpayment

20%

$75,080

Closing costs

1%

$3,754

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$3,413

Mortgage P&I

63%

$1,919

Property Taxes

11%

$326

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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