REI Lense

REI Lense

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$2,155 (target)

1323 Oleander Ave, Chesapeake, VA 23325

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -6.91% first-year return on $72,450 initial cash invested.

-6.91%

Cash On Cash

4.94%

Cap Rate

0.82

DSCR

$2,155

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $2,572 expenses = $417 out of pocket

Income$2,155Out of Pocket$417Mortgage P&I$1,72980%Property Taxes$1617%Insurance$1216%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$2,572

Mortgage P&I

80%

$1,729

Property Taxes

7%

$161

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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