REI Lense

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$2,170 (target)

2201 Richmond St, Hopewell, VA 23860

3 beds • 2 baths • 934 sqft

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This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $66,090 initial cash invested.

-0.78%

Cash On Cash

6.86%

Cap Rate

1.03

DSCR

$2,170

Rent

-$43

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,170 income − $2,213 expenses = $43 out of pocket

Income$2,170Out of Pocket$43Mortgage P&I$1,26558%Property Taxes$1306%Insurance$804%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,170

Total Expenses

$2,213

Mortgage P&I

58%

$1,265

Property Taxes

6%

$130

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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