REI Lense

REI Lense

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$1,697 (target)

1604 Spruce Street Ext, Martinsville, VA 24112

3 beds • 2 baths • 1800 sqft

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This property might be a fair Long-Term investment with a projected 0.03% first-year return on $44,856 initial cash invested.

0.03%

Cash On Cash

6.58%

Cap Rate

1.08

DSCR

$1,697

Rent

$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,697 income − $1,696 expenses = $1 cash flow

Income$1,697Mortgage P&I$1,08564%Property Taxes$905%Insurance$795%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%Cash Flow$1

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,856

Downpayment

20%

$42,720

Closing costs

1%

$2,136

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,697

Total Expenses

$1,696

Mortgage P&I

64%

$1,085

Property Taxes

5%

$90

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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