REI Lense

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$3,483 (target)

16 Sandy Beach Ct, Palmyra, VA 22963

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $90,870 initial cash invested.

-1.58%

Cash On Cash

6.85%

Cap Rate

1.01

DSCR

$3,483

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,483 income − $3,603 expenses = $120 out of pocket

Income$3,483Out of Pocket$120Mortgage P&I$1,96356%Property Taxes$2146%Insurance$1224%HOA$1213%Management$41812%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,870

Downpayment

20%

$69,400

Closing costs

1%

$3,470

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,483

Total Expenses

$3,603

Mortgage P&I

56%

$1,963

Property Taxes

6%

$214

Home Insurance

4%

$122

HOA

3%

$121

Property Management

12%

$418

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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