REI Lense

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$3,519 (target)

2421 Mount Vernon Rd SW, Roanoke, VA 24015

3 beds • 2 baths • 2067 sqft

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This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $112k initial cash invested.

-7.42%

Cash On Cash

5.12%

Cap Rate

0.78

DSCR

$3,519

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $4,215 expenses = $696 out of pocket

Income$3,519Out of Pocket$696Mortgage P&I$2,47570%Property Taxes$38511%Insurance$1584%Management$42212%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,990

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,519

Total Expenses

$4,215

Mortgage P&I

70%

$2,475

Property Taxes

11%

$385

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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