REI Lense

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$2,869 (target)

6913 Flicker Dr SE, Salem, OR 97306

3 beds • 3 baths • 2714 sqft

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This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $129k initial cash invested.

-17.05%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$2,869

Rent

-$1,833

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,869 income − $4,702 expenses = $1,833 out of pocket

Income$2,869Out of Pocket$1,833Mortgage P&I$3,044106%Property Taxes$69124%Insurance$2228%Management$28710%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,869

Total Expenses

$4,702

Mortgage P&I

106%

$3,044

Property Taxes

24%

$691

Home Insurance

8%

$222

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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