REI Lense

REI Lense

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$1,438 (target)

176 W Morris Hill Rd, Covington, VA 24426

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -19.78% first-year return on $91,287 initial cash invested.

-19.78%

Cash On Cash

2.01%

Cap Rate

0.34

DSCR

$1,438

Rent

-$1,505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,438 income − $2,943 expenses = $1,505 out of pocket

Income$1,438Out of Pocket$1,505Mortgage P&I$2,160150%Property Taxes$25117%Insurance$15811%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,287

Downpayment

20%

$86,940

Closing costs

1%

$4,347

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,438

Total Expenses

$2,943

Mortgage P&I

150%

$2,160

Property Taxes

17%

$251

Home Insurance

11%

$158

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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