REI Lense

REI Lense

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$1,656 (target)

1176 Joseph Martin Hwy, Martinsville, VA 24112

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $69,279 initial cash invested.

-11.26%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$1,656

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,656 income − $2,306 expenses = $650 out of pocket

Income$1,656Out of Pocket$650Mortgage P&I$1,693102%Property Taxes$664%Insurance$1167%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,656

Total Expenses

$2,306

Mortgage P&I

102%

$1,693

Property Taxes

4%

$66

Home Insurance

7%

$116

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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