REI Lense

REI Lense

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$1,940 (target)

1214 23rd St, Newport News, VA 23607

3 beds • 3 baths • 1800 sqft

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This property might be a fair Long-Term investment with a projected 1.92% first-year return on $42,420 initial cash invested.

1.92%

Cash On Cash

7.08%

Cap Rate

1.16

DSCR

$1,940

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,940 income − $1,872 expenses = $68 cash flow

Income$1,940Mortgage P&I$1,02653%Property Taxes$27114%Insurance$714%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%Cash Flow$68

Investment Breakdown

|

Purchase Price

$202k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,420

Downpayment

20%

$40,400

Closing costs

1%

$2,020

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,940

Total Expenses

$1,872

Mortgage P&I

53%

$1,026

Property Taxes

14%

$271

Home Insurance

4%

$71

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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