REI Lense

REI Lense

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$1,524 (target)

216 Lookout Dr, Lynchburg, VA 24502

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $58,338 initial cash invested.

-9.52%

Cash On Cash

4.28%

Cap Rate

0.72

DSCR

$1,524

Rent

-$463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $1,987 expenses = $463 out of pocket

Income$1,524Out of Pocket$463Mortgage P&I$1,37790%Property Taxes$1178%Insurance$986%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,338

Downpayment

20%

$55,560

Closing costs

1%

$2,778

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,524

Total Expenses

$1,987

Mortgage P&I

90%

$1,377

Property Taxes

8%

$117

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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