REI Lense

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$2,414 (target)

2112 Cove Creek Rd, Covington, VA 24426

3 beds • 2 baths • 1551 sqft

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This property looks like a bad Mid-Term investment with a projected -5.52% first-year return on $95,679 initial cash invested.

-5.52%

Cash On Cash

4.83%

Cap Rate

0.81

DSCR

$2,414

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,414 income − $2,854 expenses = $440 out of pocket

Income$2,414Out of Pocket$440Mortgage P&I$1,83276%Property Taxes$653%Insurance$1356%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,414

Total Expenses

$2,854

Mortgage P&I

76%

$1,832

Property Taxes

3%

$65

Home Insurance

6%

$135

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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