REI Lense

REI Lense

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$3,454 (target)

1100 Lake Ave, Richmond, VA 23226

3 beds • 3 baths • 2400 sqft

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This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $126k initial cash invested.

-8.08%

Cash On Cash

4.46%

Cap Rate

0.73

DSCR

$3,454

Rent

-$851

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,454 income − $4,305 expenses = $851 out of pocket

Income$3,454Out of Pocket$851Mortgage P&I$2,63176%Property Taxes$3149%Insurance$1865%Management$41412%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

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Purchase Price

$516k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,159

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,454

Total Expenses

$4,305

Mortgage P&I

76%

$2,631

Property Taxes

9%

$314

Home Insurance

5%

$186

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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