REI Lense

REI Lense

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$2,002 (target)

1140 Mineral Springs Dr, Vinton, VA 24179

3 beds • 2 baths • 1988 sqft

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This property might be a fair Long-Term investment with a projected 0.7% first-year return on $55,083 initial cash invested.

0.7%

Cash On Cash

6.55%

Cap Rate

1.1

DSCR

$2,002

Rent

$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,002 income − $1,970 expenses = $32 cash flow

Income$2,002Mortgage P&I$1,30065%Property Taxes$573%Insurance$935%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$32

Investment Breakdown

|

Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,083

Downpayment

20%

$52,460

Closing costs

1%

$2,623

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,002

Total Expenses

$1,970

Mortgage P&I

65%

$1,300

Property Taxes

3%

$57

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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