REI Lense

REI Lense

$2,218 (target)

2117 Eastover Dr, South Boston, VA 24592

3 beds • 2 baths • 1008 sqft

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This property could be a profitable Mid-Term investment with a projected 15.69% first-year return on $46,350 initial cash invested.

15.69%

Cash On Cash

12.89%

Cap Rate

1.92

DSCR

$2,218

Rent

$606

Cashflow

Cash Flow

$2,218 income − $1,612 expenses = $606 cash flow

Income$2,218P&I$75534%Taxes$552%Insurance$472%Mgmt$26612%CapEx$894%Vacancy$673%Maint.$894%Other$24411%Cash Flow$606

Investment Breakdown

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Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,350

Downpayment

20%

$27,000

Closing costs

1%

$1,350

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,218

Total Expenses

$1,612

Mortgage P&I

34%

$755

Property Taxes

2%

$55

Home Insurance

2%

$47

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

See South Boston, VA mid-term rental market →

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