REI Lense

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$3,488 (target)

1106 Confederate Dr, Locust Grove, VA 22508

3 beds • 2 baths • 1152 sqft

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This property might be a fair Mid-Term investment with a projected 2.86% first-year return on $85,704 initial cash invested.

2.86%

Cash On Cash

7.4%

Cap Rate

1.21

DSCR

$3,488

Rent

$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,488 income − $3,284 expenses = $204 cash flow

Income$3,488Mortgage P&I$1,64547%Property Taxes$1113%Insurance$1143%HOA$2266%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%Cash Flow$204

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,704

Downpayment

20%

$64,480

Closing costs

1%

$3,224

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,488

Total Expenses

$3,284

Mortgage P&I

47%

$1,645

Property Taxes

3%

$111

Home Insurance

3%

$114

HOA

6%

$226

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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