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224 Lookout Dr, Lynchburg, VA 24502

3 beds • 2 baths • 1061 sqft

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This property might be a fair Mid-Term investment with a projected 2.02% first-year return on $68,379 initial cash invested.

2.02%

Cash On Cash

6.82%

Cap Rate

1.18

DSCR

$2,244

Rent

$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,244

Total Expenses

$2,129

Mortgage P&I

52%

$1,159

Property Taxes

5%

$123

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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