REI Lense

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$2,343 (target)

1344 S Main St, Rocky Mount, VA 24151

3 beds • 4 baths • 2700 sqft

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This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $133k initial cash invested.

-13.07%

Cash On Cash

2.85%

Cap Rate

0.49

DSCR

$2,343

Rent

-$1,454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,343 income − $3,797 expenses = $1,454 out of pocket

Income$2,343Out of Pocket$1,454Mortgage P&I$2,666114%Property Taxes$1426%Insurance$1928%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,343

Total Expenses

$3,797

Mortgage P&I

114%

$2,666

Property Taxes

6%

$142

Home Insurance

8%

$192

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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