REI Lense

REI Lense

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$3,627 (target)

1609 Airport Ave, Fredericksburg, VA 22401

3 beds • 4 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 3.05% first-year return on $96,141 initial cash invested.

3.05%

Cash On Cash

7.29%

Cap Rate

1.21

DSCR

$3,627

Rent

$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,627 income − $3,383 expenses = $244 cash flow

Income$3,627Mortgage P&I$1,87052%Property Taxes$1494%Insurance$1314%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39911%Cash Flow$244

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,141

Downpayment

20%

$74,420

Closing costs

1%

$3,721

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,627

Total Expenses

$3,383

Mortgage P&I

52%

$1,870

Property Taxes

4%

$149

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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