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$2,738 (target)

24 Lafayette Dr, Palmyra, VA 22963

3 beds • 2 baths • 1252 sqft

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This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $82,785 initial cash invested.

-2.73%

Cash On Cash

5.83%

Cap Rate

0.95

DSCR

$2,738

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,738 income − $2,926 expenses = $188 out of pocket

Income$2,738Out of Pocket$188Mortgage P&I$1,57758%Property Taxes$1867%Insurance$1094%HOA$1224%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,785

Downpayment

20%

$61,700

Closing costs

1%

$3,085

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,738

Total Expenses

$2,926

Mortgage P&I

58%

$1,577

Property Taxes

7%

$186

Home Insurance

4%

$109

HOA

4%

$122

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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