REI Lense

REI Lense

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$2,170 (target)

24 Ross Ln, Mineral, VA 23117

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $73,437 initial cash invested.

-5.41%

Cash On Cash

5.33%

Cap Rate

0.87

DSCR

$2,170

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,170 income − $2,501 expenses = $331 out of pocket

Income$2,170Out of Pocket$331Mortgage P&I$1,77782%Property Taxes$372%Insurance$1246%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,437

Downpayment

20%

$69,940

Closing costs

1%

$3,497

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,170

Total Expenses

$2,501

Mortgage P&I

82%

$1,777

Property Taxes

2%

$37

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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