REI Lense

REI Lense

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$2,202 (target)

1204 Minden Rd, Virginia Beach, VA 23464

3 beds • 2 baths • 1324 sqft

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This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $79,800 initial cash invested.

-8.93%

Cash On Cash

4.39%

Cap Rate

0.74

DSCR

$2,202

Rent

-$594

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $2,796 expenses = $594 out of pocket

Income$2,202Out of Pocket$594Mortgage P&I$1,87485%Property Taxes$21710%Insurance$1336%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,202

Total Expenses

$2,796

Mortgage P&I

85%

$1,874

Property Taxes

10%

$217

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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