REI Lense

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$2,546 (target)

1604 Spruce Street Ext, Martinsville, VA 24112

3 beds • 2 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 8.13% first-year return on $62,856 initial cash invested.

8.13%

Cash On Cash

9.06%

Cap Rate

1.49

DSCR

$2,546

Rent

$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $2,120 expenses = $426 cash flow

Income$2,546Mortgage P&I$1,08543%Property Taxes$904%Insurance$793%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$426

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,856

Downpayment

20%

$42,720

Closing costs

1%

$2,136

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,546

Total Expenses

$2,120

Mortgage P&I

43%

$1,085

Property Taxes

4%

$90

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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