REI Lense

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$2,198 (target)

2363 Blue Bend Rd, Rocky Mount, VA 24151

3 beds • 2 baths • 912 sqft

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This property might be a fair Mid-Term investment with a projected 0.75% first-year return on $68,694 initial cash invested.

0.75%

Cash On Cash

6.97%

Cap Rate

1.1

DSCR

$2,198

Rent

$43

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $2,155 expenses = $43 cash flow

Income$2,198Mortgage P&I$1,27158%Property Taxes$502%Insurance$864%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$43

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,694

Downpayment

20%

$48,280

Closing costs

1%

$2,414

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$2,155

Mortgage P&I

58%

$1,271

Property Taxes

2%

$50

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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