REI Lense

REI Lense

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$2,222 (target)

1629 New Market Rd, Henrico, VA 23231

3 beds • 2 baths • 1653 sqft

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This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $94,395 initial cash invested.

-12.17%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,222

Rent

-$957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,222 income − $3,179 expenses = $957 out of pocket

Income$2,222Out of Pocket$957Mortgage P&I$2,236101%Property Taxes$2099%Insurance$1577%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,395

Downpayment

20%

$89,900

Closing costs

1%

$4,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,222

Total Expenses

$3,179

Mortgage P&I

101%

$2,236

Property Taxes

9%

$209

Home Insurance

7%

$157

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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