REI Lense

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$3,255 (target)

24 Ross Ln, Mineral, VA 23117

3 beds • 2 baths • 1248 sqft

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This property might be a fair Mid-Term investment with a projected 2.76% first-year return on $91,437 initial cash invested.

2.76%

Cash On Cash

7.26%

Cap Rate

1.19

DSCR

$3,255

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,255 income − $3,045 expenses = $210 cash flow

Income$3,255Mortgage P&I$1,77755%Property Taxes$371%Insurance$1244%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35811%Cash Flow$210

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,437

Downpayment

20%

$69,940

Closing costs

1%

$3,497

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,255

Total Expenses

$3,045

Mortgage P&I

55%

$1,777

Property Taxes

1%

$37

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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