REI Lense

REI Lense

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$2,373 (target)

124 Lipscomb St, Richmond, VA 23224

3 beds • 3 baths • 1536 sqft

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This property looks like a bad Long-Term investment with a projected -1.33% first-year return on $57,792 initial cash invested.

-1.33%

Cash On Cash

6.64%

Cap Rate

1.04

DSCR

$2,373

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,373 income − $2,437 expenses = $64 out of pocket

Income$2,373Out of Pocket$64Mortgage P&I$1,46862%Property Taxes$25611%Insurance$964%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,792

Downpayment

20%

$55,040

Closing costs

1%

$2,752

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,373

Total Expenses

$2,437

Mortgage P&I

62%

$1,468

Property Taxes

11%

$256

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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