REI Lense

REI Lense

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$1,941 (target)

2300 Reed Rd, Richmond, VA 23230

3 beds • 2 baths • 1000 sqft

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This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $67,767 initial cash invested.

-9.47%

Cash On Cash

4.49%

Cap Rate

0.73

DSCR

$1,941

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,941 income − $2,476 expenses = $535 out of pocket

Income$1,941Out of Pocket$535Mortgage P&I$1,64685%Property Taxes$20010%Insurance$1266%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,767

Downpayment

20%

$64,540

Closing costs

1%

$3,227

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,941

Total Expenses

$2,476

Mortgage P&I

85%

$1,646

Property Taxes

10%

$200

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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