REI Lense

REI Lense

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$2,103 (target)

229 E 36th St, Richmond, VA 23224

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -9.97% first-year return on $72,345 initial cash invested.

-9.97%

Cash On Cash

4.39%

Cap Rate

0.72

DSCR

$2,103

Rent

-$601

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,103 income − $2,704 expenses = $601 out of pocket

Income$2,103Out of Pocket$601Mortgage P&I$1,75683%Property Taxes$27413%Insurance$1286%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,345

Downpayment

20%

$68,900

Closing costs

1%

$3,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,103

Total Expenses

$2,704

Mortgage P&I

84%

$1,756

Property Taxes

13%

$274

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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