REI Lense

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$2,157 (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 Mid-Term investment with a projected -12.57% first-year return on $109k initial cash invested.

-12.57%

Cash On Cash

3.04%

Cap Rate

0.51

DSCR

$2,157

Rent

-$1,145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,157 income − $3,302 expenses = $1,145 out of pocket

Income$2,157Out of Pocket$1,145Mortgage P&I$2,160100%Property Taxes$25112%Insurance$1587%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23711%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,940

Closing costs

1%

$4,347

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,157

Total Expenses

$3,302

Mortgage P&I

100%

$2,160

Property Taxes

12%

$251

Home Insurance

7%

$158

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

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