REI Lense

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$2,357 (target)

1663 Wilmington Rd, Palmyra, VA 22963

3 beds • 2 baths • 2124 sqft

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This property looks like a bad Long-Term investment with a projected -19.96% first-year return on $161k initial cash invested.

-19.96%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$2,357

Rent

-$2,686

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,357 income − $5,043 expenses = $2,686 out of pocket

Income$2,357Out of Pocket$2,686Mortgage P&I$3,866164%Property Taxes$29513%Insurance$26911%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$769k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$154k

Closing costs

1%

$7,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,357

Total Expenses

$5,043

Mortgage P&I

164%

$3,866

Property Taxes

13%

$295

Home Insurance

11%

$269

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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