REI Lense

REI Lense

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$2,481 (target)

245 Palace Green Blvd, Virginia Beach, VA 23452

3 beds • 2 baths • 1627 sqft

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This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $90,300 initial cash invested.

-12.39%

Cash On Cash

4.33%

Cap Rate

0.66

DSCR

$2,481

Rent

-$932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $3,413 expenses = $932 out of pocket

Income$2,481Out of Pocket$932Mortgage P&I$2,36095%Property Taxes$25810%Insurance$1506%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,300

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,481

Total Expenses

$3,413

Mortgage P&I

95%

$2,360

Property Taxes

10%

$258

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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