REI Lense

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$3,482 (target)

200 Mercer St, Smithfield, VA 23430

3 beds • 2 baths • 1379 sqft

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This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $102k initial cash invested.

-2.49%

Cash On Cash

6.38%

Cap Rate

0.97

DSCR

$3,482

Rent

-$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,482 income − $3,694 expenses = $212 out of pocket

Income$3,482Out of Pocket$212Mortgage P&I$2,20063%Property Taxes$1715%Insurance$1404%Management$41812%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,482

Total Expenses

$3,694

Mortgage P&I

63%

$2,200

Property Taxes

5%

$171

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$418

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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