REI Lense

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$4,900 (target)

16020 Carrington Ct, Mineral, VA 23117

3 beds • 4 baths • 3010 sqft

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This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $157k initial cash invested.

-5.4%

Cash On Cash

5.06%

Cap Rate

0.85

DSCR

$4,900

Rent

-$709

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,900 income − $5,609 expenses = $709 out of pocket

Income$4,900Out of Pocket$709Mortgage P&I$3,31368%Property Taxes$3447%Insurance$2365%HOA$501%Management$58812%CapEx$1964%Vacancy$1473%Maintenance$1964%Other$53911%

Investment Breakdown

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Purchase Price

$664k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$133k

Closing costs

1%

$6,639

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,900

Total Expenses

$5,609

Mortgage P&I

68%

$3,313

Property Taxes

7%

$344

Home Insurance

5%

$236

HOA

1%

$50

Property Management

12%

$588

CapEx

4%

$196

Vacancy

3%

$147

Maintenance

4%

$196

Other

11%

$539

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