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$6,404 (target)

1508 West Ave, Richmond, VA 23220

3 beds • 4 baths • 3183 sqft

$1,187,200

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This property looks like a bad Mid-Term investment with a projected -13.76% first-year return on $267k initial cash invested.

-13.76%

Cash On Cash

3.05%

Cap Rate

0.52

DSCR

$6,404

Rent

-$3,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,404 income − $9,469 expenses = $3,065 out of pocket

Income$6,404Out of Pocket$3,065Mortgage P&I$5,82291%Property Taxes$1,04216%Insurance$4297%Management$76812%CapEx$2564%Vacancy$1923%Maintenance$2564%Other$70411%

Investment Breakdown

|

Purchase Price

$1187k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$267k

Downpayment

20%

$237k

Closing costs

1%

$11,872

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,404

Total Expenses

$9,469

Mortgage P&I

91%

$5,822

Property Taxes

16%

$1,042

Home Insurance

7%

$429

HOA

0%

$0

Property Management

12%

$768

CapEx

4%

$256

Vacancy

3%

$192

Maintenance

4%

$256

Other

11%

$704

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